The profound business and market interruption already caused by the COVID-19 outbreak has introduced insolvency risks for many otherwise healthy businesses.
The Government’s Stay at Home rules made it clear that children of separated parents were still able to travel between their homes, but some family cases are not so straightforward. We answer some common questions.
Given the speed at which the pandemic has struck, for many the full impact upon financial positions may not be known for a number of months. It would be sensible to negotiate temporary arrangements and avoid applying to court.
By Alastair Lomax In response to the profound market disruption caused by the coronavirus pandemic and to stave off a predicted “tsunami” of corporate insolvencies, the UK Government has announced its plans to enact a series of urgent law reforms, aimed at keeping as many of the affected businesses as possible intact and trading. This […]
Changes to the Entrepreneurs’ Relief have now been published. As well as the expected changes, the draft legislation effects a name change – no doubt to better reflect the nature of the relief. So what are the key reforms and how will they affect you?
The coronavirus (COVID-19) has been declared a pandemic by the World Health Organization (WHO). As the virus continues to spread extensively, it poses significant challenge to businesses and raises various points of employment law for employers.
Real estate measures in combatting the consequences of COVID-19 in CEE – status as of 29 April 2020…
As the world grapples with COVID-19, we are seeing some of the most unprecedented State measures of our time. Measures causing severe financial damage to many businesses and industries. Where does that leave foreign investors? Will they be able to claim compensation?
The first ever electronic meeting of the Cayman Islands Legislative Assembly on 23 April 2020 considered a number of pieces of legislation, largely in response to the COVID-19 emergency, that are likely to be of interest to local employers and employees. This note is intended to provide a brief overview of the key changes: some […]
With the fourth law on COVID-19, the Austrian legislator has suspended the obligation of an overindebted debtor to file for insolvency until 30 June 2020, irrespective of the cause of the over-indebtedness. Some other countries in the CEE region have also adopted measures to combat the consequences of COVID-19 as detailed in the following overview…
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As law firm leaders debate a return to the office, others are still preoccupied with questions of pay and – in some cases – mere survival. Here are the key takeaways. Where Slaughters leads, others will follow Slaughter and May has cut salaries for newly qualified solicitors to a measly £87,000. What can you say […]
Ashurst and Eversheds Sutherland have seen through the sale of struggling Italian restaurant Carluccio’s, after it fell into administration nearly two months ago. Carluccio’s brought in FRP as its administrators in late March, with Ashurst restructuring partner Drew Sainsbury taking the lead from the firm. Today it was announced that Boparan Restaurant Group will take […]
Slaughter and May has reduced salaries for newly qualified solicitors in response to the coronavirus pandemic. NQs qualifying in September will now receive £87,000, a reduction on the £92,000 base salary that this year’s crop take home. The news was first reported in RollonFriday. Salaries often drop in times of recession. For example, NQ pay […]
Pearson’s general counsel is leaving the education publisher to join GlaxoSmithKline’s consumer healthcare business. Bjarne Tellmann – who has been Pearson’s GC for six years – is joining GSK where he will take up the role of senior vice president and general counsel from July. Tellmann joined Pearson in 2014 from the Coca-Cola company, where […]
KPMG has pulled off a three-strong hire to bolster its burgeoning UK legal consulting unit, as it looks to take on a growing number of large-scale mandates that have been flooding its lawyers since the Covid-19 crisis hit. The unit is the UK version of KPMG’s global legal operations and transformation service (LOTS), which supports […]
All the latest developments on what firms are doing in response to the coronavirus spread. Contact firstname.lastname@example.org if you have further updates.