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CEE legislation tracker: Czech Republic

Banking & Finance, Capital Markets Interest-free state loans and guarantees Following the first three credit and guarantee initiatives COVID I, II and COVID Prague designed for the small and medium sized enterprises, the Ministry of Industry and Trade (“MoIT”) and the Czech-Moravian Guarantee and Development Bank (“CMGDB”) are now planning a COVID III guarantee. COVID […]

CEE legislation tracker: Turkey

Banking & Finance, Capital Markets Article 23 to 27 of the Capital Markets Law (governing material transactions and minority shareholders, including the right to exit, the offer to buy shares, the obligation to buy shares, the right to sell) will not apply to the transactions of the Turkey Wealth Fund, sub-funds and companies that will […]

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Norton Rose Fulbright to revive four-day working week scheme

A decade after adopting the same policy to tackle the consequences of the financial crisis, Norton Rose Fulbright is once again asking employees to work a four-day week to protect jobs. This temporary measure will be enacted for a 12-month period as of 20 April 2020,  with Norton Rose Fulbright becoming the first City outfit […]

debenhams

Freshfields and Kirkland in action as Debenhams lines up administrators

Department store Debenhams has revealed its intention to appoint administrators, with Freshfields Bruckhaus Deringer and Kirkland & Ellis among the firms acting on the lengthy restructuring process. The department store filed a notice of intent to appoint administrators early this morning, with FRP Advisory working on matters related to an administration. Freshfields has been acting […]

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