The virus and plummeting oil prices have led to a deepening crisis.
The Angolan banking system now comprises 26 banks, it being widely agreed that Angola’s banking institutions will need to continue their consolidation over the next few years – particularly considering that Angolan banking institutions still have a high rate of nonperforming loans (NPLs), despite the 5% reduction in 2018, and are being required to comply with international best practices and standards issued by the Basel Committee on banking supervision.
Mozambique’s banking sector continues to undergo significant legislative reform.
Do national and EU rules on competition law remain in force, during the period of crisis caused by the COVID-19 outbreak?
This regime is published following recently released statements of the European Banking Authority (EBA) and the European Central Bank (ECB).
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.
“Absolute confidentiality is very important for the family as well as providing asset protection. Family B have employed local, qualified, experienced employees who have maintained the confidentiality expected when dealing with the family’s wealth.”
In a judgment handed down on 6th May 2020 in Re Debenhams Retail Ltd (in administration)  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  EWHC 886 (Ch) and Re Debenhams Retail Ltd  EWHC 921 (Ch). Matthew Weaver considers the judgment and its implications in this briefing.
In a judgment handed down on Monday 13th April 2020 in Re Carluccio’s Limited (in administration)  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.
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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A real estate team from Irwin Mitchell has defected to Clyde & Co, as the latter looks to expand its practice further in the north. Head of Irwin Mitchell’s Sheffield real estate team Andrew Wallis, fellow real estate partner Kevin Fox and real estate finance partner Dean Gormley will join Clydes. In its Guildford office the […]
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