Gordon MacLure details the steps businesses can take now to get some breathing space as the HMRC's preferential creditor status has now been restored. HMRC’s secondary preferential creditor status was restored on 22 July 2020 when the Finance Act 2020 received Royal Assent. This makes HMR
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Brodies LLP has continued to make progress for the year to 30 April 2020, reporting a seven per cent increase in turnover to £82.0m (2018/19: £76.9m). This amounts to 20 per cent growth in the last two years and marks the tenth consecutive year of progress for the firm. Profits before pa
Alan McIntosh calls for an extension to emergency laws aimed at helping Scots who are struggling financially in the midst of the pandemic. As Scotland enters phase 3 of the route map to exit the lockdown, there is a danger of being seduced into believing the Scottish economy will bounce back an
Scotland will struggle to reach its net zero carbon targets unless Holyrood takes a swift and stronger grip on planning policy surrounding the deployment of taller turbine models, as well as a permissive approach to repowering of first-generation onshore windfarms with the latest technology, writes&
Homebuyers will be able to take advantage of reduced rates of Land and Buildings Transaction Tax (LBTT) from this week, after Finance Secretary Kate Forbes responded to calls for a quick implementation of the change. The threshold at which LBTT begins to be paid will rise from £145,000 to &pou
The majority of lawyers feel their manager is not looking out for them, according to a new report. Authored by The MOSAIC Collective and based on a survey of legal professionals worldwide, the report details how they feel about their work.
A new ruling on a high-value corporate debt restructuring case in Scotland could have a major impact on businesses across the UK due to the economic fallout from the COVID-19 crisis. Burness Paull LLP recently acted in the contested petitions of Premier Oil plc and Premier Oil UK Limited, one of the
Rights groups in Northern Ireland and Scotland are joining together to organise a free webinar on changes to the UK’s rules on settled status for EU citizens. The changes will benefit certain family members of British, Irish, and dual British-Irish citizens, if those citizens were born in Nort
The Scottish Building Society has today announced an emergency support package for customers in financial difficulty due to COVID-19, including a pledge that no-one will be at risk of losing their home over the next 12 months. As well as banning repossessions, the society is extending the current th
Addleshaw Goddard (AG) has recruited two new partners to join its infrastructure projects & energy practice (IPE). Suzanne Moir, a former partner at DWF, joins today and will be based in Edinburgh. Martin Stewart-Smith, based in London, joined in April from the London office of Bracewell LLP.
Stuart McWilliams details the immigration implications for businesses restructuring during the pandemic. The economic consequences we are experiencing because of the coronavirus crisis are clear. Many businesses are closed, while others are trying to reduce costs as they cope with a loss of income.
Emergency measures that aim to protect people facing financial hardship and allow public services to operate effectively have been introduced at Holyrood in response to the coronavirus pandemic. Key elements of the Coronavirus (Scotland) (No.2) Bill include a proposed additional £19.2 million
Legislation that allows the common agricultural policy to be simplified and "improved" post-Brexit has passed stage 1, following a debate in the Scottish Parliament. The Agriculture (Retained EU Law and Data) (Scotland) Bill creates powers to enable Scottish ministers to ensure CAP schemes can conti
Brodies LLP has announced eight new partners in its latest round of promotions and appointments.
Janet McIntyre and Gary Thomas summarise the details of emergency legislation introduced in Scotland to prevent the eviction of commercial tenants who are unable to pay their rent because of the COVID-19 outbreak. Irritancy is a remedy for landlords to terminate a lease early when tenants are in bre
