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Catalyst: Pressure points

Relieving pressure on businesses, liquidity and supply chain

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29 December 2020

Pressure Points: Covid-19 related closures of commercial premises resulting in a frustration of contract (Störung der Geschäftsgrundlage) - Does new legislation provide certainty?

On 17 December 2020, the German Parliament adopted a law, which among others, includes the implementation of the following provision: "Frustration of Contract regarding Lease Agreements If, as a...

19 November 2020

Update on Covid-19 Business Interruption Insurance: A Further Win for Australian Policyholders

Policyholders have won the first of a number of Australian test cases about insurance cover for Covid-19 related business interruption losses. In a 5-0 decision, the NSW Court of Appeal...

Timely amendments to UAE Bankruptcy Law introduced to cover emergency situations

17 November 2020

Pressure Points: Timely amendments to UAE Bankruptcy Law introduced to cover emergency situations

On 24 October 2020, the UAE Cabinet announced its decision to amend Federal Law No. 9 of 2016 (the “Bankruptcy Law”) by adding certain provisions...

06 October 2020

Pressure Points: Insurance for financial losses arising from the pandemic (UK, Australia)

Business has been looking to insurance to cover some of the financial consequences associated with Covid-19, and test cases have been commenced in both the UK and Australia to explore...

02 October 2020

ÁREAS DE IMPACTO: Nuevas medidas concursales y societarias para hacer frente a la crisis generada por el Covid-19 (España)

El pasado 20 de septiembre de 2020, entró en vigor la Ley 3/2020, de 18 de septiembre, de medidas procesales y organizativas para hacer frente al COVID-19 en el ámbito...

Pressure Points : Le dispositif de financement de commandes garanti par l’Etat est lancé ! (France)

08 September 2020

Pressure Points : Le dispositif de financement de commandes garanti par l’Etat est lancé ! (France)

L'arrêté pris pour l’application de l'article 6, VI quater de la loi n° 2020 289 du 23 mars 2020 de finances rectificative pour 2020 vient d’être publié1. Pour mémoire, aux...

07 September 2020

Pressure Points: Extension of temporary relaxations under Pre-emption Group Guidelines (UK)

The Pre-Emption Group (PEG) has announced that it is extending the temporary additional flexibility under the pre-emption guidelines in light of Covid-19.

Trustees and administrators prepare

29 July 2020

Pressure points: Trustees and administrators prepare for what’s ahead: Ombudsman to see a rise in complaints due to Covid-19 (UK)

The Pensions Ombudsman recently published both its Corporate Plan 2020-2023 and Annual Report for 2019/2020, which reveal that the number of enquiries the Ombudsman...

23 July 2020

Pressure points: Insurance cover for COVID-19 related financial losses? (Australia)

There has been significant debate about insurance coverage for financial losses associated with COVID-19. Uncertainty exists because of the absence of any ‘physical damage’ to insured property,1 which typically triggers the...