Latest Briefings

Covid-19 Ireland: Support extended credit guarantee scheme and new pandemic fund

On 2 May 2020 the Irish Government agreed a suite of important measures to further support affected small, medium and larger businesses. These include a €2 billion COVID-19 Credit Guarantee Scheme to support bank lending to small and medium sized enterprises and a new €2 billion Pandemic Stabilisation and Recovery Fund to support medium and large enterprises.

Use of Government’s coronavirus job retention scheme by companies in administration: Debenhams

In a judgment handed down on 6th May 2020 in Re Debenhams Retail Ltd (in administration) [2020] EWCA Civ 600, the Court of Appeal provided confirmation on the implications for office holders and insolvent estates of using the Government’s Coronavirus Job Retention Scheme in administrations, following the previous first instance decisions on the issue in Re Carluccio’s Ltd [2020] EWHC 886 (Ch) and Re Debenhams Retail Ltd [2020] EWHC 921 (Ch). Matthew Weaver considers the judgment and its implications in this briefing.

Use of Government’s coronavirus job retention scheme by companies in administration: Carluccio’s

In a judgment handed down on Monday 13th April 2020 in Re Carluccio’s Limited (in administration) [2020] EWHC 886 (Ch), Snowden J considered the application of the Government’s Coronavirus Job Retention Scheme in administrations both as a matter of principle and in respect of the logistics and practicalities involved for office holders. Matthew Weaver considers the judgment and its implications in this briefing.

Green is good – a Channel Islands perspective

Fiona Le Poidevin, CEO of The International Stock Exchange Group, explores how the Channel Islands are utilising experience and expertise to make a significant impact in global green and sustainable finance initiatives.

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Orrick grudge match inspires Battle of Kaiserslautern

Orrick Herrington & Sutcliffe is leading a charge to proclaim itself the most globalised firm in the, er, globe. Inspired by the US firm’s New York partner Burt Haimes, who is the longest-serving member of the US Soccer Federation’s board of directors, the firm has adopted the hitherto completely foreign culture of soccerball and World […]

Ireland gallops ahead

Despite a mountain of new legislation, asset managers are showing little reticence about establishing new investment products domiciled in Ireland, says Brian McDermott The Irish investment funds industry has been particularly busy throughout 2005 and early 2006 with the introduction of numerous legal and regulatory initiatives at both local and EU levels. The European Commission’s […]

Thinking ahead

While it is has an established reputation for offshore financial services, Guernsey still has some way to go to be taken seriously as a centre for IP business, say Geoff Allez and Ian Swan Anyone familiar with the offshore legal market will recognise that there are two levels of competition involved: there is not only […]

Cobbetts to lose 20 partners in review

Cobbetts plans to jettison up to 20 partners once a consultation on the firm’s future has been concluded. The 20 will be a mixture of full-equity, fixed-share and salaried partners. The changes are an attempt by Cobbetts to ramp up profitability from last year’s below-market-average profit per equity partner (PEP) of £190,000. Last month, Cobbetts […]

Briefs’ moment in time

Tulkinghorn was relaxing in Café 80s the other evening (what do you mean you don’t know what it is?) and caught a rerun of that great cinematic masterpiece Back to the Future Part II. Intrigued by Robert Zemeckis’s grand vision of 2015 Hilldale, Tulkinghorn’s ears pricked up at the following line: “The justice system moves […]

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