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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Isle of Man for all reasons

The Isle of Man shirks the “tax haven’ label preferring to promote itself as a reputable financial centre, writes Stephanie Apap Bologna. As opposed to rival centres, the Isle of Man promotes itself as a jurisdiction which still has plenty of room to accept more players. Stephanie Apap Bologna is a journalist at International Money […]

Merger prospects for Birmingham sets rejected

LOVELL White Durrant’s move to new headquarters at Atlantic House, High Holborn in London declared official last week will leave the firm with plenty of room for expansion. Andrew Walker, senior partner at the City firm, said that the management had budgeted for an increase in staff numbers of 4 per cent a year. With […]

Duty solicitor scheme set for shake-up in LAB review

Firms without legal aid franchises may be excluded from undertaking duty solicitor police station work as part of a major shake-up of the scheme planned for the summer. The Legal Aid Board (LAB) is to embark on a three-month review of the scheme this week in response to claims from firms with criminal law franchises […]

Offshore trusts and the new post-Budget regime

Peter Trevett QC and Jonathan Peacock say Gordon Brown’s second Budget could leave professional advisers scrambling to review trust arrangements. Peter Trevett QC and Jonathan Peacock are barristers at 11 New Square. The immediate impact of Gordon Brown’s second Budget on offshore jurisdictions is twofold. First, the changes to UK capital gains tax and inheritance […]

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