Lawbite: Further protection for tenants and debtors affected by Coronavirus
Government Press Release and Code of Practice published on 19th June As we wait for the Corporate Insolvency and Governance Bill to conclude its stages through the House of Lords the Government has...
View ArticleLawbite: Gas safety certificates and Section 21 Notices
Trecarrell House Ltd vs Patricia Rouncefield [2020] EWCA Civ 760 The Court of Appeal has ruled that a failure to issue a gas safety certificate before a tenant moves into a property does not render a...
View ArticlePPF compensation cap is age discriminatory
In the case of Hughes v PPF, scheme members affected by the PPF compensation cap have this week won a significant victory in the High Court, obtaining a ruling that the cap amounts to unlawful discri...
View ArticleHong Kong anti-discrimination ordinances now apply more broadly
Hong Kong has four anti-discrimination ordinances, namely the Sex Discrimination Ordinance (“SDO”), the Disability Discrimination Ordinance (“DDO”), the Family Status Discrimination Ordinance (“FSDO”)...
View ArticleNew EU Commission Guidance on control by a designated entity
Background On Friday 19 June 2020, the EU Commission published guidance on the application of the financial measures laid down in Article 2 of Council Regulation (EU) No 269/2014 (the “Regulation”)...
View ArticleProposals to enhance climate-related disclosures by listed companies
Financial Conduct Authority consultation on climate-related disclosures On 6 March 2020, the Financial Conduct Authority (FCA) published a consultation paper in which they proposed to introduce new...
View ArticleRecording - Corporate reorganisations: Spin-offs and divestitures - Global
In episode 3 of our corporate reorganisations podcast Franck Bourgeois, Amanda Partland, Niki Evans, Ulrika Sparrman and Marc Rawls discuss spin-off and divestitures in the context of the COVID-19...
View ArticleCoronavirus Rule changes for businesses facing difficulties France
Ordonnance n°2020-341 of 27 March 2020 had already introduced several adjustments to the rules relating to the difficulties faced by companies in the context of the current health emergency....
View ArticleThe un-fettered rights of insolvent construction companies to commence...
On Wednesday 17 June 2020, the Supreme Court handed down its much anticipated decision in Bresco Electrical Services Ltd (in Liquidation) v Michael J Lonsdale (Electrical) Ltd[1], in which it allowed...
View ArticleBelgian tax authorities take a highly questionable position regarding the...
The Belgian tax authorities have recently issued their annual guidelines for the reporting of foreign income by Belgian individual residents in their 2020 income tax return (income of 2019)...
View ArticleUK regulation of derivatives to become less derivative
On 23 June 2020, the UK Chancellor of the Exchequer published a statement setting out a number of future points of divergence between the existing EU financial services regulatory framework and the...
View ArticleStrategy on Sustainable Finance 2020: ESMA sets out its plans for more...
Introduction The European Securities and Markets Authority (ESMA) published its ‘Strategy on Sustainable Finance’ (the ‘Strategy’) on 6 February 2020. In the Strategy, ESMA sets out how it plans to...
View ArticleCoronavirus - Sustainability-Linked Loans: Where have they come from and...
Evolution of Sustainability-Linked Loans Sustainability-Linked Loans (SLLs), also known as ESG (environmental, social and governance) loans, are general corporate purpose loans which have an...
View ArticleCoronavirus - New powers for HMRC to recover furlough payments - UK
A two-week government consultation proposing new legislation which will ensure that payments received by employers under the Coronavirus Job Retention Scheme (CJRS) are treated as taxable receipts and...
View ArticleCoronavirus - Financial Services in the Post COVID World - What does it mean...
“This is not just another piece of financial regulation...ESG has to be at the top of peoples’ agenda as we move into the new world.” This was one of the opening remarks from a panel member speaking at...
View ArticleCoronavirus Confirmed postponement of DAC 6 reporting requirements UK
The UK government has confirmed that it is deferring the first reporting deadlines under DAC 6 by six months, in light of the impact of the COVID-19 pandemic. The European Commission had initially
View ArticleCoronavirus - "Free money for everyone!" - UK
“Free Money for Everyone! The helicopter boost our economy needs.” Head of Real Estate Tax Paul Beausang and Head of London Real Estate Bruce Dear propose “Bounce-Back Bonds” to reinvigorate the...
View ArticleBar on terminating contracts on insolvency grounds
The Corporate Insolvency and Governance Act 2020 (the “Act”), which is now in force, is introducing a number of changes to current insolvency rules, including imposing a permanent ban on supplying...
View ArticleProgramme for Government 2020 A Closer Look
Overview On 27 June 2020, the parties of Fianna Fáil, Fine Gael and the Green party formed a historic coalition government in Ireland. Following the election of Fianna Fáil leader Micheál Martin T.D....
View ArticleCoronavirus - Make (insolvency) law in haste, repent at leisure? - UK
The law that applies in UK corporate insolvencies has changed materially as a result of The Corporate Insolvency and Governance Act coming into force. This new Act was fast-tracked through parliament...
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