The insurance industry is, of course, in the business of risk and is well placed to respond to this pandemic. While it is still too early to determine potential impact of the COVID-19 outbreak and some insurers consider the impact on them will be relatively limited, insurers will certainly be bracing themselves for a wave of notifications.
Several leading manufacturers, in the automotive and other industries, have answered the government’s plea and indicated their willingness to offer their production facilities over for the manufacture of ventilators – but what are the challenges?
The outbreak and rapid spread of the COVID-19 has roiled markets and disrupted business, threatening the global and local economies. In an attempt to support local businesses to overcome the crisis related to the effect of COVID-19, Cyprus Government have announced a number of TAX measures, which are yet to be finalized and submitted for […]
By Maxwell J. Brunette and Bruce Graham A new job protected leave was announced by the Alberta government on March 13, 2020. The general details are as follows: Under the Employment Standards Code (Alberta), employees will be entitled to take a leave of 14 days where they are required to self-isolate or are caring for […]
Recent amendments to Bermuda’s Investment Funds Act now require certain investment funds, organized in jurisdictions outside of Bermuda, to be designated and register as “Overseas Investment Funds” with the Bermuda Monetary Authority.
The four Inns of Court have announced an emergency hardship fund to assist barristers who need urgent help amid the coronavirus crisis. Last month, The Lawyer reported that over 200 junior barristers had signed a letter to the Bar Council and its vice-chair Amanda Pinto QC, asking it to respond to the self-employed income support scheme announced […]
Shoosmiths is considering cutting down partner and staff working hours by 20 per cent to weather the coronavirus pandemic. The firm has said it is consulting with partners and staff on moving to a four-day week, which will be on a temporary, voluntary basis and entail a 20 per cent cut in pay and benefits. […]
Hill Dickinson and Lewis Silkin are placing some of their non-fee-earners and associates on furlough in response to the coronavirus pandemic, The Lawyer understands. It is understood that one-third of UK staff at both firms have been placed on furlough leave, with the firms taking the decision to use the UK Government’s grant scheme – providing […]
DLA Piper has placed some of its non-fee-earners on furlough in response to the coronavirus pandemic. The firm has furloughed a number of people in its UK property and workplace team. The department provides premises and office services including management and maintenance of DLA’s offices. The firm states that the employees are currently at home […]
McDermott Will & Emery has made a second London hire in a fortnight, this time from K&L Gates. Anthony Fine, previously at K&L Gates for six years, will make the move to McDermott’s City office. He had also spent nine years as a White & Case partner prior to joining K&L. Specialising in the infrastructure […]
Simmons & Simmons is to delay partner distributions, echoing similar measures taken across the legal industry to reduce the impact of the fallout of the Covid-19 emergency. On top of the distribution delay, the firm said every decision about pay and bonuses will be deferred until later in the year. A spokesperson for the firm […]