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The Effect of Sanctions on Supply Contracts

By Rachael Markham on Posted in Cross Border, UK
The impact of Russia Sanctions has, as we have seen in the US with the first Chapter 11 filing (see our previous blog) started to have an adverse impact on businesses that have connections with Russia.  The impact on supply chains, and the consequences for business remain at the forefront of discussions and in our … Continue Reading

Managing Your European Business in Light of Sanctions imposed on Russia

By Rachael Markham on Posted in Cross Border, EU, UK
The huge and devastating impact of COVID-19 on people, economies and business was unforeseen, and although (in the UK, at least, with all restrictions now lifted) the pressures created by COVID-19 are hopefully a thing of the past, businesses are seeing new challenges impacting recovery, trade and growth. It is saddening to watch the developments … Continue Reading

Restructuring Foreign Companies in England Using a Restructuring Plan

By Stephen D. Lerner, John Alderton, Russell Hill and Devinder Singh on Posted in Cross Border, EU, UK, US
A restructuring plan may well be a very effective way of restructuring a foreign company. It has several advantages over a scheme of arrangement and with a relatively low entry threshold, the English court has already sanctioned at least one plan for a foreign company in the relatively short time that it has been available.  … Continue Reading

Updated: Guide To Financial Support Measures Across Europe And The Middle East

By Emily Davis on Posted in Cross Border
Our most recently updated guide includes updates for the UK, France, Italy, Germany, Czech Republic and Slovakia. In brief, the updates include: UK Updates to the Coronavirus Job Retention Scheme (CJRS) including that claims for furlough days in August 2021 must be made by 14 September 2021. Updates to temporary extension to carry back of … Continue Reading

UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws

By Rachael Markham on Posted in Cross Border
Both Spain and Italy have introduced recent changes to their insolvency laws. The changes are covered in our global guide and cover: Spain The obligation for a debtor to file for bankruptcy within two months of becoming insolvent is suspended until December 31 2021. Updates to the Modification of the Creditor’s agreement measures. Postponement of … Continue Reading

Updated: Guide To Financial Support Measures Across Europe And The Middle East

By Rachael Markham on Posted in Cross Border
Our most recently updated guide includes updates for the UK, UAE, Germany, the Czech Republic, Italy. In brief, the updates include: UK Updates to the Coronavirus Job Retention Scheme (CJRS), Statutory Sick Pay (SPP) and VAT deferral scheme. United Arab Emirates An extension to the TESS scheme Germany Updates on Bridging Aid available to small … Continue Reading

Updated: Guide To Financial Support Measures Across Europe And The Middle East

By Emily Davis on Posted in Cross Border
Our most recently updated guide includes updates for Germany, the Kingdom of Saudia Arabia and Prague, notably: Germany Based on the “Guideline for Federal Funding of Production Plants for Borosilicate Tubular Glass and Glass Vials for Use in Vaccine Production”, the BMWi is funding important products for vaccine supply in Germany. Kingdom of Saudi Arabia … Continue Reading

UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws

By Emily Davis on Posted in Cross Border
The most notable changes to our updated guide this week are those impacting Germany where: The suspension of the obligation to file for bankruptcy has expired. A new preventive restructuring framework for enterprises has been introduced (implementation of the European Directive on the Preventive Restructuring Framework). The suspension of the obligation to file for insolvency … Continue Reading

Updated: Guide To Financial Support Measures Across Europe And The Middle East

By Emily Davis on Posted in Cross Border
Our most recently updated guide includes updates for the Czech Republic, France, UK, Italy, Germany, the Slovak Republic and the UAE, notably: Czech Republic There have been updates to: The deadline for submitting applications for the COVID-lease programme has now expired. A new COVID-2021 programme has been introduced. A new COVID Uncovered Costs programme has … Continue Reading

Updated: Guide To Financial Support Measures Across Europe And The Middle East

By Emily Davis on Posted in Cross Border
Our most recently updated guide includes updates for the UK, Italy, Germany and the Czech Republic notably: UK Updates to the Coronavirus Job Retention Scheme (CJRS) Grants under the Self-Employment Income Support Scheme (SEISS) have been extended. An increase to the Value Added Tax (VAT) for hospitality, holiday accommodation and attractions. The full relief available … Continue Reading

Updated: Guide To Financial Support Measures Across Europe And The Middle East

By Rachael Markham on Posted in Cross Border
Our most recently updated guide includes updates for the UK, EU, France, Germany and the Czech Republic notably: UK Updates to the Coronavirus Job Retention Scheme (CJRS) Claims for certain grants under the Self-Employment Income Support Scheme (SEISS) have now closed but there has been an update regarding when details for the next grant will … Continue Reading
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