The Chancellor, Rishi Sunak, announced today that the Coronavirus Job Retention Scheme (the Furlough Scheme) will end as planned on 31 October 2020. However, he has provided some much needed relief for employers who have been hard hit by the Coronavirus in announcing the Government’s new initiative to support struggling employers, the Job Support Scheme (the Support Scheme). The stated aim of the Support Scheme is to support viable businesses to retain viable jobs in what will undoubtedly be a continued period of significant economic uncertainty.
On 15 September 2020, the High Court held that the majority of businesses who were forced to close as a result of the COVID-19 pandemic and whom hold business interruption (BI) insurance policies are entitled to compensation from their insurers. Subject to limitations under the relevant policies, businesses may now be entitled to a pay-out which would effectively put them back in the position had the pandemic never occurred.
James Crayton, Gwendoline Davies and Nick Lees presented a webinar discussing trends in contracting and the global supply chain, offering practical tips on assessing contract risk and advising on the steps needed to protect organisations.
On Friday 11 September the UK and Japan agreed a free trade deal, which is the first major trade deal secured by the UK as an independent nation. The deal took just over three months to conclude and the full text will be available in October.
If the UK leaves the EU without a deal then it’s likely that we’ll become a “third country” under EU data protection laws. This means that, despite having implemented the GDPR, the UK will no longer be deemed to offer adequate protection of European personal data.
A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.
Conyers’ Counsel Audrey Robertson provides an overview and analysis of Aviation Finance and Leasing in BVI in Lexology: Getting the Deal Through Aviation Finance & Leasing 2020…
September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.
Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.
The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).
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In a case concerning allegations of dishonest assistance and deceit, a judge has ordered Stevens & Bolton to disclose the legal advice given by the firm to defendants after Withers demanded to see documents protected by privilege. Withers, which represents the claimant, successfully challenged the defendants’ right to withhold disclosure of documents in a judgment […]
Stephenson Harwood has pulled of its second lateral hire in a matter of weeks, this time bringing in an IP partner from Bird & Bird. The firm has hired partner Tim Harris, who spent over 13 years at its UK rival. The lawyer, who joined Bird & Bird as an associate in 2007 and became […]
Firms’ back to the office plans may have been dealt a blow this week, but City recruitment continued with aplomb for the likes of Goodwin, Skadden and Simpson Thacher & Bartlett. Back to the office? Think again. By now, you might be thoroughly happy with your home-working set-up and enjoying a life sans tube, train […]
Addleshaw Goddard has overhauled its process surrounding work allocation for disputes lawyers, taking the responsibility away from partners. Previously, work was allocated to managing associates by partners but this has now been passed onto legal directors to give the firm’s junior lawyers a spread of work. The firm trialled this system in Manchester in 2019 […]
Gunnercooke is set to open two new offices, including its first international one, as its revenue hit £31m in the financial year 2019/20. The Manchester firm, which for years has been running a flexible model, will open a new office in Berlin in October. In addition, it is looking to open a fourth UK office […]
Skadden Arps Slate Meagher & Flom has brought in another magic circle partner to its City M&A team, this time from Freshfields Bruckhaus Deringer. The US firm has lured over partner Bruce Embley from Freshfields’ London office. Embley, who co-heads the firm’s global M&A client group, has been a partner at Freshfields since 2005. London-based, […]