News & Insights - Boodle Hatfield

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News & Insights

Our team of experts shine a spotlight on new legal developments, share their views on the impact of current affairs, and offer insights on issues that could impact you and your business.

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26 May 2020 UK’s Top 30 hotel companies have debts 44% higher than during credit crunch

The UK’s top 30 hotel groups have debt levels 44% higher than they had during the credit crunch.

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26 May 2020 State Aid for Start-ups: UK government launches Future Fund

On 18 May 2020, the government launched its £250 million ‘Future Fund’.

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20 May 2020 Hospitality on hold – tips for hotel owners

On the evening of Monday 23rd March, in an unprecedented move for the British government, Boris Johnson put the country into lockdown.

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15 May 2020 What are the specific issues to consider when taking a lease of railway arch space?

In the last few years’ railway arch spaces across London have gone from being undesirable spaces to…

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15 May 2020 Hotels: Looking forward to the lifting of lockdown

You might also like to think ahead as to how you might best mitigate against the issues that you will face when you re-open.

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15 May 2020 If you have a leasehold interest in your hotel (rather than a freehold interest), are you complying with the terms of your lease?

Perhaps your biggest concern is whether you can continue to pay your rent.

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15 May 2020 If you have taken out a loan are you complying with the terms of your facility agreement and any related security or other finance documents?

Without an income stream you might be struggling to make your loan payments.

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15 May 2020 Hotels: Is there anything else that you can do which might help your cash flow?

Do you have any corporate accounts? Are these corporate accounts in arrears?

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15 May 2020 What is the position in relation to employees?

You may have already chosen to furlough those employees whose services are not required during the period of forced closure.

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15 May 2020 What about insurance, cancellations and directors’ liability?

Have you thought about whether you are still complying with the terms of your insurance policy?

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12 May 2020 Supreme Court upholds decision on absolute covenants

Duval v 11-13 Randolph Crescent Ltd [2020] UKSC 18. The Supreme Court has unanimously upheld the Court of Appeal decision

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04 May 2020 Further temporary legislation in force in relation to CRAR

Following the Government’s announcement that they would introduce further legislation to restrict commercial landlords…

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28 Apr 2020 Government announces 100% guarantee of loans up to £50,000 under the Coronavirus Business Interruption Loan Scheme

On 27 April the government announced that it will provide a 100% guarantee…

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28 Apr 2020 Government to introduce more emergency measures to protect commercial tenants

The Government has announced that they will introduce further temporary measures to protect commercial tenants.

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27 Apr 2020 Over 660 stately homes now rely on public visits – up 20% in 10 years

There are now 660 stately homes in the UK that will be hit by the coronavirus.

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24 Apr 2020 UK property market faces litigation as buyers seek to avoid completion of transactions

The UK property market may face a wave of legal disputes.

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24 Apr 2020 COVID-19: inheritance planning and gifting

There could be a silver lining in the stock market crash for individuals who want to transfer assets to their dependents.

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24 Apr 2020 COVID-19: a forced revolution to how WeWork

The troubles possibly faced by WeWork, the shared office space company, were well documented long before the global impact of COVID-19 was felt.

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22 Apr 2020 Q&A – Business as (un)usual during the COVID-19 lockdown: the practicalities of executing documents legalised and holding shareholder meetings

This Q&A is intended to provide guidance to those seeking to navigate the choppy and uncertain waters

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17 Apr 2020 A further update on the Coronavirus Job Retention Scheme – the legal framework

On 15 April 2020, a Treasury Direction and updated guidance were issued.