Following on from the package of relief measures offered in the personal loan, credit card and overdraft markets, the FCA has confirmed a range of measures to protect customers in the motor finance market.
The FCA has announced a package of measures to help protect consumers in the high-cost credit (HCC) market. This guidance has been published alongside guidance for customers in the motor finance market and follows on from finalised guidance issued last week in relation to the protection of customers in the personal loan, credit card and overdraft markets.
The Chancellor of the Exchequer, Rishi Sunak, has announced a new £1.25bn support package designed to protect firms driving innovation during the Covid-19 pandemic. The package includes a £500m investment fund (called the Future Fund) for high-growth companies impacted by the crisis, made up of funding from government and the private sector and £750 million of grants and loans for small and medium enterprises (SMEs) focusing on research and development.
Pre-Emption Group statement On 1 April 2020 the Pre-Emption Group published a statement on its expectations for issuances during the Covid-19 pandemic. It recommends that investors, on a case-by-case basis, consider supporting issuances by companies of up to 20% of their issued share capital on a temporary basis, rather than the 5% for general corporate […]
PPN 02/20 is addressed to public bodies which are required to comply with the Public Procurement regime. Despite the tenor of its language, the PPN is Guidance only but seeks to offer a consistent basis upon which relief and enhanced payment terms might be given to help all parts of the supply chain remain above water.
The current global pandemic situation has dire consequences for the energy & natural resources sector, including on energy and petrochemical development projects and revamp / refurbishment projects across the sub-systems in the energy & natural resources plethora.
Research by professional services firm AON shows that firms and chambers are facing a potential retention and happiness crisis, lagging behind other professional industries significantly in terms of employee engagement.
Given the unique nature of this crisis, as and when such claims come before the courts in the future, a fundamental question that will need to be addressed is whether or not the current situation gives rise to a lower standard of care.
The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) and the European Securities and Markets Authority (ESMA) have issued a number of COVID-19 related updates…
The Purpose of Advertising self-regulation Advertising self-regulation is the advertising industry’s ability and willingness to regulate itself responsibly, by actively promoting the highest ethical standards in commercial communications and safeguarding consumers’ interests. Historically, advertising self-regulation has helped address many societal concerns and, in some cases, put an end to previous questionable advertising practices. One such […]
Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.Find out more
Listed law firm Gateley is anticipating a boost in revenue for the current financial year, forecasting that turnover will be no less than £108m for 2020; an increase of £4.5m. This is despite a series of recent measures put in place by the firm, including an expansion of its working capital facilities of up to […]
As of this morning, one Conservative lawyer, Carlisle MP and former Bendles partner John Stevenson, has called on Dominic Cummings to resign. The rest are either sticking by him or have made no comment. Among those to Tweet their support for the embattled special adviser are ex-Slaughter and May trainee Simon Clarke, former Skadden and […]
Stewarts has successfully won a fraud case against airline operator Farad Azima, after he was ordered to pay over $4m by a UK judge. Instructed by the investment authority of Middle Eastern emirate Ras Al Khaimah (RAKIA), Stewarts had brought a series of fraud and conspiracy claims against Azima. The case, which featured in The […]
Morgan Lewis & Bockius has ramped up its funds offering in London, with two new partners from Morrison & Foerster. The two partners – Oliver Rochman and Rob Mailer – are bringing two associates with them to Morgan Lewis; Eliska van Wickern and Xun Choong. The four advise sponsors and investors of private investment funds, […]
DLA Piper has re-imagined a new crisis simulation training service that cost over £100,000 to deliver, after its launch was put in doubt due to the outbreak of coronavirus. The training service, called “DLA Piper Project Simulator”, was inspired by Carillion’s liquidation in 2017 and was one of the first products stemming out of the […]
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 […]