The WHOA: a new global restructuring tool
On 6 October 2020, Dutch Parliament formally adopted legislation introducing a new global restructuring tool to support business continuity and recovery, the WHOA. The effective date of the WHOA will...
View ArticleShining a light on green loans - Overview of the key features
Part 1 - Green Loans - Overview of the key features Click here to view this briefing in PDF format. Notwithstanding that pandemic loans and supports have dominated the loan market s...
View ArticleCP20/20: The FCAs approach to authorising international firms
Introduction On 23 September 2020 the FCA published Consultation Paper 20/20: Our Approach to International Firms (CP20/20
View ArticleDecision on clarifying the regulatory framework for UK electricity storage -...
On 2 October 2020, Ofgem published the outcomes of its June 2019 consultation into proposed changes to the electricity generation licence (“Decision”). This was to clarify the current regulatory...
View ArticleTax Deductions for Home Expenses
In light of the Covid-19 pandemic there has been a significant increase in employees having to work from home. Following from the national lockdown, many businesses have started looking at the...
View ArticleIreland: Domestic and International Corporate Tax Update
Ireland’s corporation tax regime has long been a core part of its economic policy mix and is a long-standing anchor in respect of its offering on foreign direct investment. The internationally...
View ArticleOption to hold virtual annual general meetings extended until the end of 2021
1. Eased requirements for the holding of general meetings The German Federal Ministry of Justice submitted a draft bill by which various relaxations under corporate and transformation law, which were...
View ArticleFCA Annual Report
Introduction The FCAs Annual Report and Accounts 2019/20 (the Report) came out in September. Our team of experts comments on the FCAs priorities and what it has achieved in...
View ArticleFrench Competition Authority fines three pharmaceutical companies 444...
On 9 September 2020, the French Competition Authority (“FCA”) imposed a €444 million fine to three pharmaceutical companies, i.e. Novartis, Roche and Genentech, for abusing their collective dominant...
View ArticlePPF levy for 2021/2022: getting the balance right
The UKs pension lifeboat fund (the PPF) is asking for views on proposed changes to its levy rules. It published its consultation on 29 September 2020. What changes are proposed? The economic impact...
View ArticleGerman Government agrees on draft revised Renewable Energies Act - EEG 2021
The German Federal Government has agreed on a draft amendment act to the Renewable Energies Act (Erneuerbare-Energien-Gesetz – EEG) which is scheduled to enter into force on 1 January 2021. The...
View ArticleLawbite: Radio Gaga? EMI cant press skip on its guarantee of HMVs AGA
EMI Group Ltd V Prudential Assurance Co Ltd [2020] EWHC 2061 (Ch) The Court decided that, despite the dissolution of HMV as the former tenant, EMI’s guarantee of HMV’s Authorised Guarantee Agreement...
View ArticleLawbite: Ending the relationship - the validity of notices under Paragraph...
EE and H3G Ltd v (1) Edelwind and (2) Secretary of State for Housing Communities [2020] UKUT 0272 (LC) This case concerned the validity of two notices served under paragraph 31 of the Electronic...
View ArticleLondon Capital & Finance and others v Thomson and others [2020] EWHC 2490 (Ch)
Criminal restraint order no bar to a worldwide freezing order Facts of the Case London Capital Finance (“LCF”) (now in administration) sold mini bonds to investors. It collapsed in March 2019, owing...
View ArticleUpdated LCIA Arbitration Rules increase flexibility for users in modern era
On 1 October 2020, the updated LCIA Arbitration Rules (“2020 Rules”) came into force. These aim to streamline the LCIA’s existing 2014 version (“2014 Rules”) by modernising its arbitral processes and...
View ArticleBuilding Back better a call for change and revitalisation
“Building Back Better” was being talked about everywhere even before the PM’s speech to the Conservative party conference this week. It was first heard in 2015 when, at the UN Conference in Sendai, the...
View ArticleMore ESG from the EU: updates to the UCITS and AIFMD Regimes
Background As part of its Action Plan on sustainable finance announced in March 2018, the European Commission has published a draft of sustainability legislation. We have been discussing this...
View ArticleMore ESG from the EU: updates to the MiFID Regime
Background As part of its Action Plan on sustainable finance announced in March 2018, the European Commission has published a draft of sustainability legislation. We have been discussing this...
View ArticleUpdate on the new EU foreign direct investment screening framework
EU countries expand or introduce new foreign investment screening regimes as EU-wide foreign investment screening regime becomes fully applicable. On 11 October 2020, following an 18 month...
View ArticleDuties and liabilities of directors when a company is facing insolvency
Many businesses are facing testing and unprecedented challenges due to the impact of Covid-19. It is important during these times of financial uncertainty that directors of companies are aware of...
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