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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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David Pollitt, DAC Beachcroft

DAC Beachcroft cuts pay for partners on reduced working week

Fee-earners in quieter practice areas at DAC Beachcroft are taking temporary pay cuts in line with reduced working hours, while the majority of the firm’s most recent profit distributions have been withheld. This means that partners have at least received some of their distributions, unlike other firms, although the rest of the payments have been […]

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