In the latest issue of “The Restructuring Review”, Daniel Hayek and Mark Meili provide an overview of the special features of Swiss restructuring law, taking into account the latest legislative developments due to COVID-19.
A detailed examination of the proposals and the timeline for change.
Urs Feller provides a brief Conference report on the Litigation crisis management session which was held at the IBA Annual Conference 2019 in Seoul.
With its COVID-19 Joint and Several Loan Guarantee Ordinance dated 25 March 2020 (“COVID-19 Guarantee Ordinance”), the Swiss Federal Council established a liquidity support scheme for small and mid-sized entities. Unfortunately, start-ups were not eligible for guaranteed credits under the COVID-19 Guarantee Ordinance. Following a first announcement on 22 April 2020, the Swiss Federal Council […]
outline the changes the Swiss legislator intends to introduce in order to provide more clarity to the legal framework for distributed ledger technology (DLT) business models. These include the introduction of DLT securities and changes to laws on financial regulation and insolvency.
When considering how to use the coronavirus job retention scheme (CJRS), employers may be wondering what this means for pension contributions and auto-enrolment obligations. This update considers some of the issues. How the CJRS works To access the CJRS an employer will need to designate affected employees as furloughed workers, notify the employees of this […]
The Competition and Markets Authority (CMA) has published helpful guidance on how it will apply competition law in light of COVID-19. Meanwhile, the government has taken the unprecedented step of relaxing competition law in certain sectors. In the round, these developments offer welcome guidance and comfort – but they also serve as a timely reminder […]
The dynamics of a previously high performing team will shift in response to the recent working from home directive. As leaders we need to understand the factors that will impact even the most resilient and high performing colleagues. It’s likely that high-performing employees may experience varying levels of performance and engagement when they begin working […]
As the global leader in alternative investment funds and one of the most innovative financial centres in the world, it is unsurprising that the Cayman Islands has quickly become a popular destination for cryptocurrency vehicles and initial coin offerings (ICOs).
The UK Government announced on 23 June 2020 that it intends to introduce new legislation to give the UK Financial Conduct Authority (FCA) enhanced powers in circumstances where (i) LIBOR ceases to be representative of the market and (ii) its representativeness cannot and will not be restored. This is intended to solve the problem of “tough legacy” contracts by giving the FCA the power to protect consumers and market integrity in relation to those contracts (which the FCA envisage will be a “narrow band”).
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BLM has entered redundancy negotiations as it seeks to stave off the financial threat posed by the Covid-19 crisis. Employees in the costs and business development and marketing teams are set to leave the firm, with approximately 20 roles being made redundant. The Lawyer previously reported that the insurance specialist will not be making any distributions […]
It’s now or never for Freshfields’ tech dream Opening a new office in the southern reaches of the US may seem like a bold move given the present circumstances, but that’s exactly what Freshfields did this week with the launch of a Silicon Valley venture. They’ll have to wait a bit for the official welcome […]
Eversheds Sutherland will gradually reopen its UK offices from next week, as it plots a long-term strategy after a survey revealed more than 80 per cent of its staff don’t want to go back full-time to the office. From next Monday, a limited number of people will be able to access UK premises on a […]
DWF is pairing up final-seat trainees with partners who qualified during the last recession in an effort to help them navigate the tough jobs market. The firm has 37 trainees reaching qualification this autumn; however, it has published only 25 job vacancies within the firm, meaning some will have no choice but to leave. Partners […]
HFW has taken the decision to defer its September trainee intake by over six months. The move affects trainees who were due to start their training contracts at the firm in September 2020. The intake have been told they will not be able to start their training contracts until April 2021. They will receive a […]
The commercial court is experiencing a significant hike in settlements, with the rate of parties reaching out-of-court agreements up by 15 per cent. The court’s analysis revealed that this year’s settlement rate is close to 75 per cent, as opposed to a normal percentage that sits between 60 and 65 per cent. The figures, as […]