We recognise that these are challenging times for our clients, and we will regularly provide advice and updates on how to deal with the coronavirus crisis. Use the links below to take you to the most recent articles from our team on the legal, regulatory and commercial implications of the current disruption.

To register for regular updates please email law@tughans.com

Legal Insights

Job Retention Scheme update

Jack Balmer

HMRC has updated its guidance on the Coronavirus Job Retention Scheme, following the formal directions issued by the Treasury on 15 April 2020 under the Coronavirus Act 2020. Together, these clarify several points regarding the operation of the Scheme. Our full guidance can be accessed here. The qualifying date on which an employee must be... ...

Obtaining priority at the Land Registry of Northern Ireland

Gavin Robinson

In light of the closure of the Land Registry and its limited functionality, due to the Covid-19 situation, Associate Solicitor, Gavin Robinson sets out below the current procedure for obtaining priority, insofar as possible, when dealing with registered lands....

Extension of the Coronavirus Business Interruption Loan Scheme (CBILS)

Douglas Anderson

Following on from my initial note on CBILS and a lot of scrutiny within media, the government on Friday 3rd April 2020 expanded the scheme to make it more accessible to SME businesses and also announced the Coronavirus Large Business Interruption Loan Scheme (CLBILS) which is targeted at larger businesses....

How is COVID-19 affecting your M&A transaction?

Aimee Craig

Aimee Craig, Associate in the Corporate team at Tughans, picks up on certain considerations in the M&A market at this time. As the COVID-19 pandemic continues this uncertainty creates a difficult backdrop for corporate deals. We set out below some of the potential impacts on M&A transactions and some suggestions on how to manage such... ...

Respite for Commercial Tenants – moratorium on evictions

Amanda Byrnes

In the vast majority of commercial leases, there is an ability for the landlord to forfeit the lease and take back possession of the premises should the tenant fail to pay its rent within a set period (usually 21 days) of the payment falling due.   However, in an effort to support businesses during this... ...

More Business Support Measures Made Available

Paul Eastwood

In what will come as some relief to many, guidance has been issued by Finance Minister Conor Murphy to public bodies encouraging a range of support measures to be applied to their supply chains during the current period of upset, including:   ensuring that supplier invoices are paid without delay and without concern for immaterial... ...

Coronavirus Self-Employment Income Support Scheme

Jack Balmer

What is it? This Scheme is another emergency measure to address loss of income caused by the Coronavirus outbreak. It allows the self-employed to apply for a taxable grant worth 80% of their trading profits, up to a maximum of £2,500 per month, for the next 3 months....

Coronavirus Job Retention Scheme

Jack Balmer

Coronavirus Job Retention Scheme The Government has updated its guidance on the operation of the Coronavirus Job Retention Scheme (the Scheme). This follows the publishing of formal directions from the Treasury to HMRC on the operation of the Scheme on 15 April 2020. This advice note is kept under review but does not constitute legal... ...

Coronavirus: Companies House

Paul O’Brien

The impact of coronavirus is being felt by everyone and there are various measures being put in place to assist businesses (and Companies House) to deal with the disruption. The following updates from Companies House should be considered by businesses: Companies will be given an additional 3 months to file accounts with Companies House to... ...

Residential Mortgage Payment Holidays

Maria O’Loan

Residential Mortgage payers who are facing financial difficulty due to coronavirus are to be offered payment holidays of up to three months, the government has announced.  This also applies to buy to let mortgages over residential properties.   Chancellor Rishi Sunak made the announcement on Tuesday 17 March as part of emergency measures designed to... ...