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Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

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money finance

Axiom shelves IPO plans after securing PE investment

Three US firms won advisory roles on Permira’s investment in Axiom, leading the flexible resources provider to call to an end its plans to IPO. The agreement allows Permira to put what has been described as a “significant investment” in Axiom through a newly-created vehicle. The deal, which is currently under review around customary conditions, […]

PE money circles law as Axiom spin-off plots expansion

Axiom Managed Solutions (AMS), one of two new companies spun out of locum lawyer business Axiom prior to its pending IPO, has appointed a financial adviser to help source potential investors and, ultimately, a significant injection of capital. AMS, which is understood to have a turnover of between $50m and $100m, has appointed Livingstone Partners, […]

law school fees

Exclusive: Axiom’s record UK financial results reveal contracts “gold mine”

Axiom’s UK revenue is closing in on the £50m mark, The Lawyer can exclusively reveal, with the alternative legal services provider’s (ALSP) global fee income now totalling $360m (£280m). Total UK revenue for the 2017/18 financial year at Axiom stood at £48.8m, a rise of 63 per cent since the company last revealed its UK […]

EY Law to enter Belfast market after Axiom hire

EY Law is setting up a legal services arm in Belfast after recruiting Axiom director Aaron Stewart to lead the team. Stewart will be responsible for working with the accountant’s clients across the UK and has been tasked with building and running a team in the Northern Irish capital. He has been at Axiom since […]

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