I. INTRODUCTION Numerous countries around the world continue to take measures against the economic challenges that the Coronavirus (COVID-19) outbreak can cause in their countries. Canada, France and the United Kingdom are among those countries who recently announced comprehensive measure packages to tackle economic disruptions. Meanwhile, crucial interest rate cut decisions were taken by the […]
I. INTRODUCTION It should be first noted that the Turkish Code of Commerce no. 6102 (“TCC”) merely specifies the body authorized to decide on the wholesale of substantial amounts of company assets in a joint stock company and it lacks any clarification about what constitutes substantial amount of company assets and in what way their […]
General Communiqué No. 518 on the Tax Procedure Law (Law No. 213) (“Communiqué”) was published in the Official Gazette on March 24, 2020 with number 31078 (Reiterated). In the Communiqué, a statement was made regarding the taxpayers who were directly affected by the CoronaVirus outbreak (COVID-19). The Communiqué presents a number of new measures taken […]
I. PAID LEAVE APPLICATIONS DUE TO THE CORONAVIRUS The employer may give the employees paid leave in the event of compulsory reasons. Since the annual paid leave is considered within the employer’s right to management according to the provisions of the Labor Code, the approval of the employee is not a necessity. According to the […]
President Recep Tayyip Erdoğan announced a package of 19 items called “Economic Stability Shield” to reduce the effects of the COVID-19 outbreak on 18.03.2020. 1- Concise and VAT withholding and SSI premiums for Retail, AVM, Iron-Steel, Automotive, Logistics-Transportation, Cinema-Theater, Accommodation, Food-Beverage, Textile-Garment and Event-Organization sectors were delayed for 6 months. 2- The accommodation tax will […]
This case raises an interesting point: does a mistake in an application, which is not relied upon by a regulator when it makes its decision, invalidate the regulator’s decision to issue an environmental permit?
Stephen Barclay, Chief Secretary to the Treasury, announced that the commencement of the revised IR35 rules will be delayed until April 2021. The move has been widely welcomed and allows businesses to focus on dealing with the Covid-19 crisis.
The appearance and spread of the coronavirus in Hungary made extraordinary measures necessary. Therefore, the Government of Hungary decided to declare a “state of emergency” on 11 March 2020 and introduced numerous preventive measures, with practically immediate effect. Primarily, the handling of the pandemic and the disease prevention is the task of state institutions. In […]
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Clifford Chance will run its 2020 summer vacation scheme as a virtual event, in response to the current coronavirus pandemic. The virtual scheme will take place from Wednesday to Friday, 1-3 July and will comprise three days – instead of the traditional two weeks – of virtual learning by using external platform InsideSherpa, which was […]
Herbert Smith Freehills is the latest City firm to reduce partner profit distributions, while maintaining it will still award bonuses in two separate payments over the next year. The firm confirmed today that all employees will remain on their current respective salaries, with this pay freeze set to be reviewed in six months. While some […]
The UK Government’s Crown Commercial Service (CCS) has put most of its current panel reviews on hold while it reprioritises work in light of coronavirus. The CCS has paused procurement activity for its general legal advice services, finance and complex legal services, rail and edisclosure panels, as firms wait in the lurch about when the […]
Pinsent Masons is placing some of its non-fee-earners on furlough in response to the coronavirus pandemic, while it also considers a change to its quarterly cycle of partner payouts. These are just two of the latest measures put in place by the firm. Senior figures are now undertaking a programme of scenario planning to consider what […]
Family chambers 3PB has launched a remote courtroom to assist on the financial aspects of claims brought in the family court. Members at the set have decided to launch the Remote Access Financial Dispute Resolution (FDR) Court Room for instructing law firms and clients, who are now having to engage remotely. The set, which had […]
Eversheds Sutherland has created an app that allows staff to interact on themes that go beyond their routine jobs, as it seeks to counteract the sense of loneliness sparked by the sustained remote working period caused by the Covid-19 crisis. The app, called Open House, was sponsored by the firm’s managing partner Keith Froud, and […]