COVID-19: Protecting your business: finance, employment and contracts
In conjunction with Glasgow Chamber of Commerce, we invite you to a webinar to address some of the key issues impacting businesses.
This event has now finished.
In conjunction with Glasgow Chamber of Commerce, we invite you to a webinar to address some of the key issues impacting businesses as we all deal with the effects of the COVID-19 crisis.
Experts from Weightmans’ banking, employment and commercial teams will be on hand to provide the inside track on the newly varied business interruption loans schemes; discuss the challenges facing businesses from an employment perspective in the next 6-12 months as we look towards a lockdown exit strategy; and explain the options for dealing with contracts due to the crisis, and how to protect your business when agreeing to waive or change contract terms.
Topics covered will include:
1. The business loan scheme
- What’s available and how do you get it?
- What, if any, conditions or guarantees can banks insist upon?
- Your right to re-negotiate deals agreed under the first version of the rules.
- What happens if you breach the terms of your existing facilities?
2. Employment issues
- We will focus on future planning for businesses – what will the next 6-9/12 months look like? The webinar will address issues, concerns and strategies as we look towards an exit strategy
- The benefits/challenges of working from home – is this to be a permanent feature going forward for businesses?
- Social distancing in the work place (and any other changes to the workplace) – what measures will businesses need to implement (e.g. office layout, planning considerations), will this be the end of open plan? Will there be further health and safety/employer liability matters to consider?
- Financial planning – will cuts needs to be made and/or non-essential spend culled – how would that look for your business and are you considering any of the following:
- Part-time working options
- Reduction in salary/hours
- Cutting centralised services
3. Contracts, force majeure and related matters
- Is COVID-19 a force majeure event?
- The effect of a force majeure event.
- Other terms in the contract to consider.
- Practical steps to take and the importance of documenting waivers and variations.
- Market examples.
There will also be the chance for a Q&A.
Date: Tuesday 5 May 2020,
Time: 11.00am – 12.30pm
Register in advance for this meeting through Glasgow Chamber of Commerce.
After registering, you will receive a confirmation email containing information about joining the meeting.
Patricia heads the firm's finance team and advises on all aspects of financial services. She has particular expertise in public sector finance. read more
Qualified in Scotland and England & Wales, Claire has almost 20 years experience in acting for companies and organisations ranging from PLCs to OMBs, small and medium sized enterprises. read more
Ingrid is an employment law specialist with significant experience in the legal profession. Her expertise is split between contentious and non-contentious employment work. read more
Nicola is a partner in our Corporate – Commercial Team, based in Glasgow and working closely with our national Commercial Team on general commercial work, IP, and Media and Technology matters. read more