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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Littleton puts name to Oxford law prize

LITTLETON Chambers is to sponsor a new Oxford University prize for the best employment law student. The commercial set hit on the idea of organising the annual prize as a way of highlighting its own expertise in the employment law field. Each year a panel of judges will nominate the best employment law student for […]

In brief: Wynne leaves Watson Farley & Williams

Watson Farley & Williams has lost Geoffrey Wynne, a senior banking partner. It is understood Wynne has left to join a bank. Michael Reid, chief executive of Watsons’ London office, said: “We hope to maintain close relations with him and he left on amicable terms.” He could not confirm whether the firm would be taking […]

Euro debt debate

European lawyers descended on the UK at the beginning of this month to speak on recovering debts in the EU at an open panel seminar at the UK’s Credit and Recovery Expo 1996. The conference, held in Birmingham, covered debt collection in European business. The organiser, Steve Martin, said: “Lawyers views are more valid than […]

More clients predicted as loans replace up-front costs

The Law Society is predicting an upsurge of clients willing to take up cases after the announcement of a major funding scheme to manage legal costs. Merchant bank Guinness Mahon and Co is to offer a Disbursement Funding Loan at an annual percentage rate of 14 per cent. The scheme was developed by Richard Pearce, […]

Property

Nabarro Nathanson acted for the Chase Manhattan Bank in its purchase of the freehold interest in its former London headquarters building Woolgate House from Scottish Amicable and PPGM. The freehold was simultaneously sold on to MEPC for £75m. Scottish Amicable was advised by Cameron Markby Hewitt, PPGM by Simmons & Simmons and Linklaters & Paines […]

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