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Financial Assistance to US Business Enterprises, States and Municipalities

This alert on the Federal Reserve’s new $2.3tr lending program deserves special attention as this program will be of interest to every business operating in the U.S as well as to States, municipalities and potentially other public entities. It reports on guidance issued by the Federal Reserve on a new $2.3tr lending program (the first … Continue Reading

How could COVID-19 contaminate the financing arrangements of Australian businesses?

Australian businesses are facing unprecedented challenges as the consequences of the coronavirus disease 2019 (COVID-19) pandemic unfold. At this difficult time, it is critical to take measures to ensure that your business has sufficient working capital for at least three to six months and the risk of being required to repay or restructure your existing … Continue Reading

Updated Guide: How to access European Governments’ financial support packages

Last week we launched our European Government Financial Support guide setting out what financial support businesses in different jurisdictions could access to help manage financial distress caused by Covid-19.  We have updated this with new details for Belgium, Czech Republic, Germany, Italy, Poland and Slovakia. To access the updated guide – click here.… Continue Reading

Job Retention Scheme- Important Updates for UK Insolvency Practitioners

On Saturday 4 April, HMRC issued further guidance on the Job Retention Scheme (“JRS”). Given the unprecedented economic backdrop against which the JRS is being introduced, the exact workings of it are still being developed and clarified, with each announcement in turn giving rise to further questions for employers and employees. We have produced a … Continue Reading

What EU financial measures are there to help support member states?

To assist in understanding what financial support packages the EU have announced  we have produced a helpful guide summarising those. This gives an overview of the package, the level of funding available, eligibility, how to apply and when it will be available. To access the most up to date guide click on this link.  This … Continue Reading

Accessing financial support – a guide for French businesses

To assist French businesses in understanding what financial support packages are now available we have produced a helpful guide summarising those. This gives an overview of the package, the level of funding available, eligibility, how to apply and when it will be available. To access the most up to date guide click on this link.  … Continue Reading

Accessing financial support – a guide for Czech Republic businesses

To assist Czech Republic businesses in understanding what financial support packages are now available we have produced a helpful guide summarising those. This gives an overview of the package, the level of funding available, eligibility, how to apply and when it will be available. To access the most up to date guide click on this … Continue Reading

Accessing financial support – a guide for Belgium businesses

To assist Belgian businesses in understanding what financial support packages are now available we have produced a helpful guide summarising those. This gives an overview of the package, the level of funding available, eligibility, how to apply and when it will be available. To access the most up to date guide click on this link.  … Continue Reading

Which Law Applies When Determining the Validity of an Assignment of Receivables Cross-Border? Update

The validity of an assignment of receivables cross-border depends on the law that applies to the assignment. What might amount to a valid assignment in one jurisdiction does not mean that it is valid in another, and where there are competing claims to the receivables and competing jurisdictions, the question of which law applies – … Continue Reading

COVID-19 Poses Acute Boardroom Dilemmas

COVID-19 poses many acute dilemmas for boardrooms. Directors and executives need to make highly sensitive decisions to navigate through the COVID-19 crisis. Decisions taken now could come under scrutiny and potentially give rise to future litigation and regulatory intervention, so directors should be mindful of their duties and consider how their decisions may look in … Continue Reading
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