In light of the spread of coronavirus infection Covid-19 and in addition to quarantine regime, Uzbekistan has undertaken a number of other measures aimed at mitigating risks and maintaining the normal functioning of business activities, including the banking sector. On March 26, 2020, the Central Bank of the Republic of Uzbekistan (the “CBU”) made the […]
Regulation for refund of value added tax (“VAT”) paid by individuals, who are consumers, for goods (except for oil and gas products) purchased from persons engaged in retail trade or public catering in the territory of the Republic of Azerbaijan (“Regulation”) has been adopted by the Decree of the President of the Republic of Azerbaijan […]
By Vladimir Komarov The ” Black swan ” of coronavirus has already led such economic sectors as tourism, air transportation, hotel business, and non-food retail to a deep crisis. We can confidently predict that violations of contractual obligations, unilateral termination of contracts and other consequences of the disease and measures to combat it will affect […]
Taking into account the epidemiological situation in the world, as well as the need to ensure macroeconomic stability and stimulate foreign economic activity, the Government of the Republic of Uzbekistan regularly puts in place a number of measures to support the population during the period of combating the spread of coronavirus infection.
Tatyana Popovkina and Mirzaaziz Ruziev Limitations set in order to prevent spread of coronavirus infection affect all business processes, including employer-employees labour relations. In accordance with the Decree of the President of the Republic of Uzbekistan ‘On priority measures to mitigate the negative impact on sectors of the economy by the coronavirus pandemic and global […]
Notice Pay during Furlough Leave The latest Treasury Direction for the furlough scheme, updated on 26 June 2020, could modify the effect of the Coronavirus Job Retention Scheme. New wording at paragraph 2.2 may be interpreted to suggest that notice pay cannot be claimed through the scheme. With retrospective application, employers require clarification from HMRC […]
TLT’s update on all issues affecting the social housing sector.
By Gavin Pearson In this video, Quantuma’s Forensic Accounting & Investigations partner Gavin Pearson looks at business valuations and the impact the recent COVID-19 crisis has had on the value of private companies and shareholdings.
The Government of Jersey has published its response to a consultation on the potential introduction of a general vertical arrangements block exemption, together with a summary of feedback received.
In this podcast, Quantuma’s Frank Wessely discusses Insolvency within the UK Energy Supply Sector.
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Despite having endured a long period of disruption caused by the pro-democracy protests in 2019, Hong Kong has remained the largest legal recruitment market in Asia, The Lawyer Asia Pacific 100 2020 report reveals. This year’s Asia Pacific 100 report, which came out on Monday, shows that 33 per cent of the Top 30 global […]
A team from Weil Gotshal & Manges is advising US clothing retailer Brooks Brothers as it files for Chapter 11 bankruptcy protection. The US firm has taken legal duties as the company officially started the proceedings in the United States Bankruptcy Court for the District of Delaware yesterday morning. Alongside the firm is Delaware-based Richards Layton […]
After providing the City with a trading update this morning, DWF is now entering the early stages of a consultation process in its UK operations. The consultation affects professional staff in its business services division. It is understood that the exercise puts around 15 to 18 positions at risk. The latest set of redundancies follows significant […]
The operations discontinued by DWF in the last 12 months generated a loss of £4.5m, the firm said today in its recent trading update to the City. Alongside this, DWF confirmed its revenue has grown by 12 per cent to over £300m, in a turbulent end to the year that also saw a switch-up in […]
The Central Housing Investment Consortium (CHIC) of social housing providers and local authorities has appointed 22 firms to its new £15m panel. The contract is divided into three lots; corporate, governance and finance, housing and asset management, property and development across England and Wales. Firms that have been added to all three lots include Bevan […]
The Government Legal Department (GLD) spent £11.8m on external law firms and counsel in the first five months of the year, according to a Freedom of Information request submitted by The Lawyer. The GLD confirmed it has used 49 firms in total between the start of 2020 and 22 May, with a large proportion of […]