Looking forward – Preparing for the inevitable
21 April, 2020During these stressful and uncertain times, the one thing all businesses have in common is a sense of insecurity about the future. “When will restrictions be lifted?” “When will we re-open?” “Can our business survive? “Even if it survives lockdown, we struggled to pay insurance premiums prior to Covid-19, what will they look like in […]
Read moreThe Process of Examinership
20 April, 2020As companies of all sizes continue to grapple with the continued uncertainty created by the Covid-19 crisis, problems of liquidity and solvency will become more widespread. What is Examinership? An examinership involves the court placing a company under its protection to enable a court appointed examiner to investigate its affairs and to report to the […]
Read moreHow can the company seal be affixed to a deed without two company officers as witness?
14 April, 2020The COVID-19 environment has necessitated travel restrictions and will have important consequences for validly executing documents under the correct corporate authority that may be overlooked during this time. This note is intended to shed some light on the company law provisions surrounding the execution of documents under company seal and offers some practical solutions. Section […]
Read moreCorporate Insolvency – Non-Statutory Restructuring Tools
2 April, 2020There are also a number of other non-statutory restructuring tools which were commonly used in a financial or economic crisis and these should be explored in the first instance. This is particularly the case in circumstances where one of the key drivers of any cash flow crisis is the company’s ability to service leverage (debt) […]
Read moreOverview of Business Interruption Insurance
31 March, 2020We are living and operating in unprecedented times with unprecedented measures being implemented by the Government. As a result it is incumbent upon business owners and operators to consider their policies of insurance to ascertain if coverage exists for events which directly affect and impact the business. Insurance Companies and businesses whether large or small […]
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