The governments of Ireland, Guernsey and Jersey have created payroll co-funding/subsidy schemes in response to the COVID-19 crisis. The rules and eligibility criteria are different in each jurisdiction, as are the laws on furlough, variation of terms, redundancy and collective consultation. In this advisory, we have sought to help businesses with employees in one or more of these jurisdictions to understand the nuances and distinctions that exist under the respective laws.
In this advisory, we provide a round-up of recent updates to the Cayman Islands framework for automatic exchange of information and country-by-country reporting, including the new universal DITC portal, the AEOI reporting deadline extension, the authorising person and principal point of contact and the CRS compliance form.
The Central Bank of Ireland has published a letter to fund management companies (including SMICs) highlighting some key issues for investment funds in light of ongoing market uncertainty due to Covid-19. The letter refers to the regulatory flexibility already provided in terms of reporting and that the Central Bank has clarified that it will apply the measures set out by ESMA in recent weeks.
In this advisory, we provide a round-up of recent updates to the Cayman Islands framework for automatic exchange of information (“AEOI”) and country-by-country reporting (“CbCR”), including the new universal DITC portal, the AEOI reporting deadline extension, the authorising person and principal point of contact and the CRS compliance form.
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 […]
The first thing cabin crews tell you is that if you experience a crisis on a plane, put your own oxygen mask on first before helping others. And yet, when a crisis hits in business, how many actually follow this advice?
Do you believe everything you see? No matter how discerning or intelligent you are, we are all pre-programmed to be more accepting of information in certain contexts than others. While most of us are wise to the ‘Nigerian prince’ phishing scams of old, we are less likely to question an email from someone we know. We might question news on a website we’ve never seen before – but not in a publication we know well. And if we follow somebody high-profile on a social media platform we’re familiar with, like Instagram, chances are we take what they say at face value. It’s precisely because of this that mainstream media recently described influencer and celebrity accounts as ‘the gateway drug to fake news’.
In a significant decision, HMRC v Inverclyde Property Renovation LLP and Clackmannanshire Regeneration LLP  UKUT 0161 (TCC), the Upper Tribunal has upheld HMRC’s powers to issue a notice and commence an enquiry into returns submitted by a limited liability partnership (LLP).
A number of exceptional measures have been introduced in the justice sector. These measures are set out in Law 1-A/2020 of 18 March and Decree‑Law 10-A/2020 of 13 March (as amended by Law 4-A/2020 of 6 April). The measures include exceptional rules on the extension of time limits and of the periods to take judicial steps. The rules will remain in place until the end of the exceptional situation to prevent, contain, mitigate and treat COVID-19.
Andrew Dinsmore recently appeared for successful shipowners in a s. 69 application concerning the prevention principle and the requirement to give notice or communicate to move the Delivery Date under the SAJ Form.
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DWF’s share price dropped nearly 20 per cent today following the departure of CEO Andrew Leaitherland, making it one of the biggest fallers on the London Stock Exchange. Leaitherland’s exit from the world’s largest listed legal outfit was announced this morning; at which point DWF’s share price started off at just over 76p. However, a […]
World Cup of Chambers The final is entering its last few hours – there’s still time to vote here. Below are a few of the lengths that finalists St John’s Buildings and Pump Court Chambers have gone to in order to win your vote, plus a few of our other favourite Tweets from the final. […]
Firms’ post-pandemic visions are already diverging “We won’t ever go back to how we worked before Covid” – the message from Slater & Gordon, which will leave its current London office for a much smaller one when its lease expires this autumn. The firm will rely much more on remote working in the future. Contrast […]
It was during a jog to Hogan Lovells’ deserted HQ that the magnitude of the current situation hit home for Michael Davison, who starts as deputy CEO at the transatlantic outfit this summer. “It’s going to be unbelievably fiddly getting people back,” says Davison, “the biggest challenge is how and when we think they will […]
Nicholas Plant, Dentons Last month saw the sale of Imperial Brands’ premium cigar business, including a number of its most famous Cuban cigars, to two entities backed by private equity investors. Asides from the inevitable challenges brought about by Covid-19, a series of hoops needed to be jumped through to get the deal over the […]
Pinsent Masons is set to stagger working hours and break times for employees that are returning to the office, however, encouraging UK staff to work from home still forms the “backbone” of the firm’s response to Covid-19. For the past month, a tailored taskforce has been looking at how Pinsents can reopen its offices on […]