On top of the multiple challenges hitting retail and leisure landlords and occupiers arising from COVID-19, the news that Intu has had to write down the value of its shopping centre portfolio by nearly £2 billion came as further bad news. Intu owns multiple high-profile retail and leisure locations across the UK (including The Trafford […]
By Anna Richardson, Charlotte Thomas This article looks at trends which we expect to impact the mid-market as 2020 continues. In the latter part of 2019, the general election and Brexit dominated the front pages. Global political turbulence continues, but with a clear majority in parliament and Brexit day having passed, there should be some […]
Commercial Dispute Resolution specialist, Senior Associate Kathryn Vickers, reports on Athena v Superdrug , the latest case to highlight the risks of doing business informally over e-mail, and offers good practice advice for businesses.
As the UK begins to tackle the challenges caused by the spread of Coronavirus/COVID-19, Walker Morris has received a number of enquiries from landlord and tenant clients as to how this may affect their property arrangements and obligations. It is now clear the outbreak will significantly disrupt the market. We have already seen the challenges […]
More good news on the State aid front with regard to COVID-19 – the European Commission has published a draft framework of temporary measures which allow EU member states to provide urgent financial support to affected businesses.
Due to the measures taken by the Austrian government in connection with the outbreak of the corona virus which has now affected Austria (e.g. home quarantine, cancellation of events, closure of shops/restaurants), liquidity shortages and payment difficulties for businesses seem more likely. Accordingly, the Austrian Ministry of Finance has taken the following measures: Taxpayers who […]
Keystone Law, the listed flexible working legal services business, today confirmed that it would not be paying shareholders a dividend when it announces its full-year results for the period ended 31 January 2020, blaming the “uncertain” and “unprecedented” times resulting from the Covid-19 crisis. The company stressed that despite the deferment of the dividend, which […]
McDermott Will & Emery has hired a finance partner from Reed Smith, the latest in a string of senior laterals to join over the past few months. The US firm has taken on longtime Reed Smith London partner Ranajoy Basu. The finance lawyer has spent over seven years in the City outfit of the US […]
The changing dynamics between firms’ corporate and restructuring teams was highlighted this week, while listed law firms brace for tough times due to the coronavirus pandemic. Here are the key takeaways. What a time to be a restructuring lawyer If you’re a corporate lawyer right now, you’re probably still flat-out speaking to clients as they […]
DWF has braced its investors on the impact of the coronavirus on its business, highlighting that will seek additional contingency facilities from its lenders. The firm said this was needed to ensure it has “increased headroom for working capital purposes and a relaxation of certain covenants for a period of time.” It already has an […]
The High Court has delivered another blow to businessman Hamdi Akin Ipek, after it granted a freezing injunction that prevents him from using funds held by a Turkish mining conglomerate. Ipek wanted to use millions of Koza Ltd’s funds to pay for a personal international arbitration dispute between him and the Republic of Turkey. Following […]
Business tycoon Philip Day has failed in a bid to make his former solicitors at Womble Bond Dickinson stump up the bill for his £450,000 fine imposed in 2017 by the Crown Court. Day was accused of causing the unauthorised cutting down of 43 trees and subsequent construction of a vehicle track in Cumbria. Criminal […]