Future Fund Explained
202005.18

Future Fund Explained

What is it? UK Government support in the form of loans between £125,000 and £5,000,000. Who qualifies? Fast-growing, privately-owned, UK registered companies. What qualifies as ‘fast-growing’?  The company must have raised at least £250,000 in equity investment from third party investors in the last five years. When is it available? Scheme due to launch in…

Cabin Fever
202004.24

Cabin Fever

We’re not going on a summer holiday. On 17 March the Foreign Office advised against non-essential foreign travel for a period of 30 days which has been subsequently extended indefinitely, plunging the travel industry, like many others, into uncertainty. With flights cancelled, planes grounded and Necker Island as a bargaining chip (if only we could…

Coronavirus: Contracts and the Force Majeure Clause
202003.24

Coronavirus: Contracts and the Force Majeure Clause

The continued spread of COVID-19 and the relevant containment measures put in place to combat its spread, are having a profound and far reaching effect on the social care sector. As providers come under increasing pressure, it is reasonable for them to begin to understand, in more detail, their potential liabilities and obligations under their…

Guarantees, Warranties and Indemnities – Spot the Difference
201907.24

Guarantees, Warranties and Indemnities – Spot the Difference

Guarantees, warranties and indemnities are often seen together (usually in a lease or loan agreement), but all carry very different obligations:- A guarantee is a contractual promise to ensure that a third party fulfils its obligations (pure guarantee) and/or to pay an amount owed by a third party if it fails to do so itself…