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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House of Lords crossbench role for Pannick

Blackstone Chambers silk David Pannick QC has been made a non-party political peer by the House of Lords’ appointments commission. Pannick, who is well known for his work in the fields of public law, human rights and sports law, will continue as a tenant at Blackstone, combining his day job with acting as a crossbencher […]

Lane partner quits before TwoBirds linkup

Fox Williams has recruited corporate partner Nick Sayers from Lane & Partners, which has just merged with Bird & Bird. Sayers, who takes with him eight year-qualified associate Howard Taylor, said he decided to leave Lane & Partners before the merger as he felt that Bird & Bird was not the right platform for his […]

Davis polk advises Citi on Wachovia buy

Davis Polk & Wardwell, ­Skadden Arps Slate Meagher & Flom and Sullivan & Cromwell have scored roles on Citigroup’s acquisition of Wachovia’s banking operations. Davis Polk partners John Ettinger and Phillip Mills are advising Citi, Sullivan chairman Rodgin Cohen is advising Wachovia, and Skadden partners Eric Friedman and Greg Fernicola are advising on due diligence […]

City firms win roles on Government’s bank bailout

A raft of top City lawyers have been called on to advise on the Government’s £50bn bank rescue scheme. Some of the biggest names in the magic circle have been handed roles by established clients for what is, in effect, a partial nationalisation of the UK’s banks. Linklaters is advising two key clients, with banking […]

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Small firms suffer as legal insurers refuse to underwrite in current climate

Following five consecutive years of falling rates, lawyers have been shocked to find that professional indemnity (PI) insurance rates have doubled for the 2009 renewal season. ­Hardest hit are those already facing a myriad of economic challenges: small firms, sole practitioners and conveyancing practices. For the past month firms have been scrabbling to get cover […]

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