WebinarUnited Kingdom | May 12, 2020
As businesses plan to come out of lockdown, with over a quarter of the country's employees currently on the government's Job Retention Scheme, (which we are told will start to wind down), businesses face uncertain futures. If the business cannot afford to reopen, it will need to consider going into an insolvency process such as administration, which could provide a mechanism for the restructure of the business.
What happens when a business faces going into administration? Can employees remain on furlough? Can the administrator pay the employees given the strict rules on payments which apply to administration? What happens to the contracts of employment in an administration?
The answers to these questions have to be considered in the context of employment law and insolvency law, as well as the two recent decisions handed down by judges in the High Court.
Join leading experts from our financial restructuring and insolvency and employment teams in an interactive webinar as we discuss these issues, and the points emerging from the interpretation of the JRS in an administration from the cases
- Alison Goldthorp, Partner
- Catrina Smith, Partner
- Amanda Sanders, Knowledge of Counsel