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.

Recommended

Cleary calls time on its Japanese outpost

Cleary Gottlieb Steen & Hamilton has shut down its underperforming Tokyo office, bringing to an end the US firm’s 18-year local presence in Japan. The one partner, five fee-earner office closed officially at the end of April. All of the firm’s lawyers have left, with 56-year-old corporate partner Tsunemasa Terai retiring from Cleary to focus […]

Freshfields conflict hands Links £702m CAT deal

Linklaters has scooped the lead advisory role on British pharmaceutical giant Astra Zeneca’s £702m offer for Cambridge Antibody Technology (CAT) after Freshfields Bruckhaus Deringer was conflicted out of the deal. Astra Zeneca instructed Linklaters instead of regular counsel Freshfields because the latter firm acted for Abbott Laboratories in its dispute, last year, with CAT over […]

Grapevine

Property star Julian Holy lost his appeal to the High Court last week (11 May) against the Law Society’s decision to strike him off the solicitors’ roll. Holy’s holey defence Property star Julian Holy lost his appeal to the High Court last week (11 May) against the Law Society’s decision to strike him off the […]

Party politics

With law firms piling into Dubai like there’s no tomorrow, competition in the region is hotting up. Now it has emerged it is even spilling over to law firm parties. Last week (10 May) DLA Piper Rudnick Gray Cary and Walkers both held shindigs to celebrate their office launches. Keen to show that his firm […]

Hengeler hikes newly qualified salaries

Germany’s Hengeler Mueller has raised its associate salaries, with newly qualified lawyers set to earn up to €90,000 (£62,000). The firm, which is Slaughter and May‘s German best friend, has raised salaries for all associates up to five-years qualified. Lawyers are expected to make partner at the firm in year six. Salaries for associates in […]

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