One of the biggest problems lies in the intellectual property ownership in joint ventures. The commercial reality is that where there is no agreement in place any intellectual property resulting from the joint venture may be jointly owned. This rule applies even if this is not what the parties intended.
IP Joint Ventures
New insolvency measures to support businesses under pressure as a result of the coronavirus outbreak have been announced.
These new measures will include a moratorium for companies against creditor action while they seek a rescue or restructure, protection of a business’ right to purchase supplies (including electricity and broadband) to allow companies to continue trading during a moratorium, a new restructuring plan which would bind all creditors, and a suspension of wrongful trading provisions for three months from 1 March 2020.