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Directors’ Duties – A Guide for French Businesses

This quick guide summarises the duties that directors of French companies are subject to, and how those duties change when the company is insolvent or at risk of being insolvent. It also gives an overview of the personal risk to directors when the company is in financial difficulty and suggests some practical tips to help … 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 Italian businesses

To assist Italian 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 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

Lack of scheme for mid-tier businesses: should the UK Government re-think it’s Covid-19 financial support package?

As you may have noted from our blog yesterday, one of the main concerns with the UK Government’s current package of support to business is that the eligibility criteria for the Covid Corporate Financing Facility (CCFF) scheme and the Coronavirus Business Interruption Loan Scheme (CBILS) respectively leave a large number of mid-cap businesses unable to … Continue Reading

New insolvency regulation in Germany aimed at supporting businesses in distress

On March 23, 2020, the German Federal Government (Bundesregierung) published a draft bill to mitigate the consequences of the COVID-19 in civil, insolvency and criminal procedural law. From an insolvency perspective, the aim of the proposed amendments is to enable and facilitate the continuation of businesses that have become insolvent or are experiencing economic difficulties … Continue Reading

Germany suspends the obligation for companies to file for insolvency

The German Federal Ministry of Justice and Consumer Protection is preparing new legislation suspending the obligation to file for insolvency in order to protect companies that encounter financial difficulties due to the coronavirus crisis (see here). According to section 15a(1) of the German Insolvency Code (Insolenzordnung), managing directors or management board members of legal entities … Continue Reading
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