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Sector insights

Ince is committed to providing clients with regular updates on legislative and industry changes in the form of publications, e-briefs and newsletters.


Most popular articles:

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    Coronavirus update: the implications for businesses and international commerce

    03.04.2020

    The Covid-19 (coronavirus) outbreak has now spread from China to Europe, the Middle East and North America. As a result, Covid-19 is having a significant global impact at both business and human levels.

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    COVID-19: Changes to UK insolvency laws

    03.04.2020 |Business Recovery, Restructuring & Insolvency

    Over the past couple of months, the world has seen an unprecedented negative economic shock as a result of measures being implemented across the globe to save lives in the face of Covid-19. Governments across the globe are rushing to make arrangements, including temporary amendments to insolvency laws, to protect livelihoods and help businesses survive Covid-19 (see our update in relation to changes that have been implemented in Germany to be published shortly).

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    Supreme Court has no jurisdiction over hull underwriters’ claims against mortgagee bank in vessel scuttling case

    03.04.2020

    In a decision that will be significant for marine and other insurers, the Supreme Court has found that the English courts did not have jurisdiction over claims brought by the hull underwriters of the vessel, Atlantik Confidence, as against the Dutch bank that was the mortgagee of the vessel and also the assignee of the insurance policy and the loss payee.

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    BULLETIN ONE: Yacht chartering & the Coronavirus (Covid-19)

    01.04.2020 |Yachts and superyachts

    Over the coming weeks Ince will be sending out a series of bulletins for the international yacht industry. They will cover a number of key areas. If there are any areas you would specifically like covered please get in contact with us, we would love to hear from you.

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    Cryptoassets – Believing the money laundering impact

    31.03.2020 |Regulatory solutions

    According to the Q4 2019 CipherTrace Cryptocurrency Anti-Money Laundering Report , for 2019, the total of cryptocurrency-related frauds and thefts was US$4.5 billion including: US$370.7 million lost in exchange thefts and hacks and US$4.1 billion of losses stemming from fraud and misappropriation of funds.

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    Commercial rent arrears, forfeiture and the Coronavirus Act 2020

    31.03.2020 |Real estate

    The Coronavirus Act 2020 (the Act) received royal assent on 25 March 2020 and is now law. This new legislation followed the government’s earlier press release which confirmed that “Commercial tenants who cannot pay their rent because of the coronavirus will be protected from eviction” [our emphasis].

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    Maintenance cover under WELCAR considered - Munich Re Capital Ltd v Ascot Corporate Name Ltd [2019] EWHC 2768 (Comm)

    31.03.2020 |Commercial Disputes

    In its first decision on the WELCAR 2001 Offshore Construction Project Policy (“WELCAR) terms, the Commercial Court considered whether insurance cover for the 12 month “Maintenance Period”, would apply in circumstances where the construction phase intended to be covered by the “Project Period” had not yet been completed. The case highlights the need to ensure appropriate extensions of insurance cover have been obtained were construction is delayed beyond the period contemplated in the original policy and that any ancillary cover is clearly defined.

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    IR35 and the Off Payroll Working Rules

    31.03.2020 |Employment

    The IR35 rules were first introduced in 2000 in order to tackle a perceived tax avoidance scheme whereby individuals sought to save employee income tax and national insurance contributions by supplying their services through an intermediary and paying themselves in dividends.

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