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19 May 2020
COVID-19: Pressure Points: Business and respect of human rights (Global)
The current COVID-19 crisis is putting businesses under unprecedented levels of pressure, in terms of time, finances and operations. Meanwhile, human rights within businesses and their value chains are at risk, particularly in countries where labour laws and social systems offer limited protection...
19 May 2020
The View from Brussels: The European Commission’s new Readiness Notices
During the negotiations for the Withdrawal Agreement, much attention was paid to the need to prepare for a no-deal Brexit – where trade with the EU would no longer benefit from all the facilitations made possible by the Single Market, but would be governed by WTO rules only. Both the European...
19 May 2020
COVID-19: PRESSURE POINTS: Business associations and competition law during the COVID-19 crisis: Do's and Don'ts (Spain)
The current crisis and market uncertainty triggered by COVID-19 are forcing many companies to explore new formulas of collaboration to overcome the challenges that the current exceptional circumstances have generated. Many sectors have seen their sales and income plummet, while others are...
18 May 2020
COVID-19: People: Job Retention Scheme (UK)
The HMRC's Coronavirus Job Retention Scheme ("CJRS"), announced on 20 March 2020 and opened for claims on 20 April, has now been extended for the second time. Originally due to end on 31 May, then 30 June, the Chancellor announced on 12 May that it would continue without change until the end of...
18 May 2020
COVID-19: Pressure Points: Finance briefing (UK)
In recent weeks we have been working with many UK corporates to support their immediate liquidity needs and to plan ahead, ensuring businesses are in good position to weather the COVID-19 storm. In this briefing we provide a snapshot of our views of the latest UK corporate debt and treasury trends:
18 May 2020
COVID-19: PRESSURE POINTS: Interim relief awarded in relation to a facility agreement due to "change of circumstances" (Spain)
Decision 155/2020, of 30 April, delivered by Court of First Instance 60 of Madrid (the “Decision”) has awarded the interim relief requested on a precautionary basis by Grupo Celsa in relation to a facility agreement without the lenders having previously called the loan or filed enforcement actions.
18 May 2020
COVID-19: GOVERNANCE: Directors’ Duties in a COVID-19 World (UK)
With a global pandemic causing unprecedented uncertainty for businesses, it has never been more difficult for the directors of UK companies fully to discharge their duties – and the risks when they do not do so have never been higher. Government schemes which seek to protect UK businesses may add...
15 May 2020
COVID-19: Pressure Points: Summary of Key Support And Guidance for Charities and Social Enterprises (UK)
This note sets out a high-level summary of key announcements regarding funding, support, and guidance available for social enterprises and charities as of 7 May 2020. Changes and announcements are made regularly and updates should be monitored on an ongoing basis.
15 May 2020
COVID-19: People: Emerging from the crisis: Managing your labour through the post-lockdown recovery (Australia)
The Australian economy remains in a period of forced hibernation. Although each industry has been impacted differently to others, no business is unaffected by the COVID-19 pandemic.
15 May 2020
Regulators set their policy for Consumer Data Right enforcement
The Consumer Data Right ( CDR ) is currently proceeding through a staged implementation in the financial sector. On 8 May 2020 the Australian Competition and Consumer Commission ( ACCC ) and the Office of the Australian Information Commissioner ( OAIC ) released their Compliance and Enforcement...
15 May 2020
COVID-19: Governance: Competition Authorities’ Response (Asia)
Across Asia, the Covid-19 outbreak has had a significant impact on the activities of the region’s competition authorities. Where policy changes have been made, authorities have had to balance issues carefully, demonstrating flexibility towards potentially anti-competitive conduct that may be...
