Tughans Solicitors

WEBINAR: Real Estate during Covid-19

This webinar first aired on Wednesday 8 April and features Joe Moore, Real Estate Partner at Tughans. Joe provides advice and guidance on the impact of the coronavirus crisis on commercial tenants, the key implications of the Coronavirus Act 2020 and recommendations for business occupiers in this rapidly evolving environment. PLEASE NOTE THAT THE PRESENTATION WITH Q&A... Read More

The Future Fund – Lifeline for UK Start-Ups

What is the scheme? The UK Government has unveiled plans for a new co-investment fund titled the ‘Future Fund’ designed to ensure venture capital backed companies across the UK receive enough investment to remain viable during the coronavirus crisis. The Future Fund will launch in May 2020 and will remain open until the end of... Read More

Covid- 19: Cash is King

“Cash is King” in every business and cash flow is your company’s life blood. In this article, we summarise some key support measures and strategies available to help NI businesses manage your cash flow during the challenging next few months. This article is currently up to date as of 17 April 2020 but will be... Read More

Job Retention Scheme update

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... Read More

Obtaining priority at the Land Registry of Northern Ireland

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. As the Land Registry begins to resume some of its functionality, Gavin Robinson (Associate Solicitor) keeps... Read More

Extension of the Coronavirus Business Interruption Loan Scheme (CBILS)

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, 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... Read More

Respite for Commercial Tenants – moratorium on evictions

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... Read More

More Business Support Measures Made Available

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... Read More

Coronavirus Self-Employment Income Support Scheme

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.