Recovering from the economic impact and ongoing uncertainty of Covid-19 will undoubtedly be one of the biggest challenges businesses have to face in the coming year. In this bulletin - the first of the year for our business contacts and their advisers - we focus on some of the key issues and the solutions you could be working on to combat the post-pandemic hangover. Warren Reid, partner in our Property Litigation team looks at reviewing your lease commitments and planning for future premises needs; and Amy Gallimore, partner in our Restructuring & Insolvency team addresses some recurring issues in managing businesses' balance sheets and debt ledgers; and Stephen Moore, Head of Employment, considers the legacy of hybrid working.
Where (and how) businesses work has been evolving rapidly as the pandemic has developed, alongside a sea-change to the commercial property market. We look at some of the potential scenarios businesses may be faced with when reviewing their real estate needs now and for the future.
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Government measures brought in over the pandemic – ranging from direct financial support to enforced forbearance by creditors (with restrictions on winding up petitions, for instance) - will have had the effect of skewing the cash cycle of many businesses for some time to come, let alone the impact of the pandemic on businesses themselves. As we transition out of this phase we answer some common questions as to managing creditors and creditors, and key considerations for managers.
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The pandemic has accelerated the opportunity for hybrid working and has proved to many businesses that employees can be just as efficient when working remotely - though it is not without its drawbacks. We weigh up the changes and how employers should navigate through what is the 'new normal' for many.
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