Many investors, including PE firms, are waiting with bated breath to see how the UK economy, currently dependent on COVID-19-related government support, will respond once that stimulus is withdrawn. An increase in UK company...more
As the UK Government’s COVID-19 support measures ease, there are a number of considerations that directors should be thinking about...
...more
2/19/2021
/ Business Closures ,
Business Interruption ,
Convertible Notes ,
Coronavirus/COVID-19 ,
Creditors ,
Enforcement Actions ,
Job Retention Schemes ,
Loans ,
Relief Measures ,
UK ,
Wrongful Trading
On 20 May 2020, in response to the coronavirus pandemic, the UK government published the text of the Corporate Insolvency and Governance Bill 2020 (the “Bill”), a 238-page document which sets out some of the most sweeping...more
Insolvency intersected with the UK government’s response to the coronavirus pandemic in an application to the High Court by the administrators of restaurant chain Carluccio’s. Considering the government’s Coronavirus Job...more
Howard Morris authored an article for Law360 that analyzes the U.K. government’s recent plans to take away the threat to corporate directors of personal financial liability once there is no reasonable prospect that their...more
This client alert summarises the recent announcement by the UK government concerning reforms to UK insolvency law to help struggling businesses, being:
•US-style restructuring tools to allow companies to continue trading as...more
3/30/2020
/ Best Practices ,
Business Continuity Plans ,
Coronavirus/COVID-19 ,
Crisis Management ,
Emergency Management Plans ,
Health and Safety ,
Infectious Diseases ,
Public Health ,
Risk Management ,
Traveling Employee ,
Workplace Safety
As COVID-19 continues to cause widespread economic disruption, the UK government has announced lending measures to support struggling businesses. This alert summarises:
•the measures available;
•key legal considerations for...more