Real concern that companies may face financial difficulties when state pandemic supports are withdrawn

At a William Fry CounselConnect virtual conference this week, over 100 in-house counsel were asked to reflect on how COVID-19 has affected their business and altered the way they work with regards to dispute resolution processes including mediation.

Related briefings

Case of the spectator and the golf ball matters for all kinds of events organisers

Earlier this month the High Court dismissed a claim from a spectator who was struck by a golf ball while attending the West of Ireland Championship at Rosses Point Golf Club in 2016. It was an important decision for sports clubs, tournament organisers and event spectators. The High Court held that the duty of care owed to spectators is not to act in “wanton disregard” for their safety. The decision matters because that is a lesser duty than the duty to act with reasonable care.

The Lugano clock has stalled: what now for dispute resolution clauses?

Since 1 January 2021, Regulation (EU) 1215/2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (Brussels Recast) and the 2007 Convention on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (Lugano Convention) no longer apply to the UK.

SCARP bill passes through Oireachtas

The Companies (Rescue Process for Small and Micro Companies) Bill 2021 (Bill) detailing the government’s proposed rescue process for small and micro companies (SCARP) has successfully passed through the Oireachtas and is expected to be signed into law shortly by the President. The SCARP framework is modelled on examinership but is intended to be more accessible and cost-efficient for small companies because of the reduced role for the court. The Bill also makes miscellaneous amendments to the Companies Act.

Taxand: Strong M&A activity forecast for H2 after fast start to 2021

Taxand, the world’s largest organisation of independent tax advisory firms, has published its 2021 Global Guide to M&A Tax providing insights into the tax treatment of mergers and acquisitions across 30 countries, including commentary with respect to recent developments and Covid measures relevant to deals.

Latest Briefings

The sustainability of green financing

Maples Group acted for Xiaomi Corporation in connection with Xiaomi’s offering of US$800,000,000 2.875% Senior Bonds Due 2031 and US$400,000,000 4.100% Senior Green Bonds Due 2051 issued by Xiaomi Best Time International Limited, incorporated in Hong Kong and unconditionally and irrevocably guaranteed by Xiaomi Corporation, a company controlled through weighted voting rights and incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The green bonds offering marked Xiaomi’s initial foray into the world of green financing and more broadly Environmental, Social and Governance (ESG). The proceeds of the green bonds are earmarked for ‘Eligible Projects’ within Xiaomi’s finance framework aimed at positive environmental and social benefits. Their framework follows the green bonds and loan guidelines of the International Capital Markets Association.

Guernsey consolidates economic substance and extends it to partnerships

Guernsey has brought partnerships into scope of economic substance requirements for accounting periods commencing on or after 1 January 2022, although partnerships formed on or after 1 July 2021 will be in scope immediately on formation where they conduct activities that trigger the economic substance requirements.

Are retirement homes the solution for the high street?

Brian Hession was having a read through Birmingham’s Future City Plan, which is Birmingham City Council’s blueprint document that sets out its vision for the city centre for the next 20 years.

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