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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Gorvins

The credit crunch may still be raging, but luckily for Cheshire firm Gorvins Solicitors this has not dented people’s desire to get divorced. To the contrary, the 42-lawyer firm’s divorce team has reported an upturn in work over the past few months. With around 150 staff, Gorvins has one of the biggest private client workbooks […]

Coffey Graham swells London IT sector

The London IT legal market has a new entrant in the form of Coffey Graham, a two-partner firm, which launched last week. Founders Rory Graham and Robert Coffey hail from Morgan Lewis and Baker & McKenzie respectively. Graham’s clients include Disney, 3 and Orange. Coffey said: “We feel that the ­synergy between our transactional and […]

Whiter than white?

Will companies be able to convince potential funders that they’re financially solvent now the whitewash procedure has been abolished? asks Tony Anderson With the abolition of the whitewash procedure in relation to private companies, a bugbear for acquisition finance lawyers appears to have been removed. Future trainees may never ­experience the angst of having to […]

Whitehall eschews competition regulations to steady financial sector

By overriding traditional restrictions, is the Govt doing the right thing? It may smack of histrionics, but to say that the world changed in the week that Lehman Brothers crashed has more than a ring of truth to it. As global financial markets teetered on the edge of meltdown, a panicked UK Government helped orchestrate […]

They’ve got the power

A new bill gives the financial authorities a legislative framework to work within for when things go wrong. Richard Hughes and John Sayers report on how UK banks will be affected What is clear from events surrounding Northern Rock, Bradford & Bingley and Kaupthing Singer & Friedlander is the need for a permanent legislative ­framework […]

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