First and foremost, we hope that you and all of our clients are safe and well during this most uncertain and challenging time.
Since the start of the outbreak in the UK, we have been working with our clients on Business Continuity matters, ranging from Preparation, as the news of Covid-19 was breaking in the UK, to Response and active assistance with clients' individual Corporate Coronavirus reality.
There’s no doubt that this is a challenging time for many businesses so it’s important that you get the right help and support.
Coronavirus Legal Help for UK Businesses
Here at Gregory Abrams Davidson Solicitors our team of experts can help your business with a Business Crisis Plan.
We are actively working with affected client businesses in the following ways:
Renegotiation of Company Share and Asset Purchase Agreements, Buyouts and Sale Terms
This involves re-assessing valuations (including where management have agreed to purchase a business which will be hard hit by the likely market downturn), Deferred Purchase Payment Agreements and Advising on Earn-out Agreements.
Business Contract Healthchecks and Guidance
Putting in place many of the basics, often overlooked by many businesses, for example, Shareholders Agreements, Written Employment Terms, Finance Agreements, Checking and Preparing Terms of Business.
Advising clients on Commercial Contracts and Force Majeure clauses
A "force majeure" clause is a contract provision that relieves the parties from performing their contractual obligations when certain circumstances beyond their control arise, making performance inadvisable, commercially impracticable, illegal, or impossible. We are experienced in advising parties in respect of their position under commercial contracts and agreements, including Supplier and Distribution Agreements, Agency Agreements and we are currently engaged by a major events company in connection with the renegotiation of contracts for a series of conference events with an international hotels group.
Negotiation of Commercial Leases, including leased, serviced offices and co-working spaces
Our Commercial Property team who ordinarily advise on entry into new leases are now in discussions with landlords about for example rent holidays during the period of isolation and remote-working.
Cyber Breach Incident Response
It is a fact that Cyber Criminals will use uncertain and difficult times to capitalise on vulnerabilities in a system or in an individual business, causing a spike in scams, hacks and cyber and data attacks during this period. Our Data and Privacy Law practice includes advising on options and obligations in Data Breach situations, including ICO reporting requirements.
Negotiations with private lenders
We have successfully advised clients on renegotiating the terms of their private and secondary finance agreements, in particular, around ongoing and early repayment clauses.
Discussions around credit facilities with banks
We are in active discussions with clients in a variety of industries around their primary banking facilities, secured and unsecured lending and advising on renegotiation of finance terms, moving to new lenders, repayment and default clauses.
We are advising clients on reclaiming monies owed to them, including negotiations with Debtors on overdue and unpaid debts, Late Payment of Commercial Debts Legislation, County Court and High Court Claims, the commercial litigation process, Statutory Demands and Debts Settlement Agreements.*
Advising on Employment Law issues relating to Government Policy
This includes the assessing options to Claim for your employee’s wages through the Coronavirus Job Retention Scheme.
If you have been negligently advised by a professional advisor which has caused a loss, now is the time to review this position and assess whether you have a claim against them.
Insolvency and Restructuring
We are involved in providing legal and general commercial advice around corporate restructurings, alongside insolvency practitioners and accountants, primarily advising on UK Company Law, employment law options, creditor rights and potential new business structures.
As matters such as those listed above are all urgent, we are prioritising new and existing Coronavirus-response enquiries.
Our Business Services Team is experienced in: Debt Recovery, Commercial Law, Contract Law, Insurance, Dispute Resolution, Banking and Finance, Cyber Security and Data Protection, Reputation Management, Intellectual Property.
We regularly advise other professional firms and practices such as accountants, solicitors and other regulated bodies on responding to incidents and crises.
Our Head of Business Services, Jonathan Abrams is a recognised expert in this field and has delivered presentations to commercial clients, including as a Lexis Nexis Speaker.
No-one, including the UK’s political leaders and chief scientist and medical officers, knows when this period of uncertainty is likely to end, but of vital importance (and best practice guidance) is to fully understand your rights and your business’s legal and contractual options in order to ensure you are in the strongest possible position to move forward.
Coronavirus Legal Help for Businesses - We are here to support you.
Jonathan Abrams, Head of Business Services will personally discuss your matter and co-ordinate our team’s response to your enquiry.
*up to £100,000