corona Coronavirus Legal consequences of cancellations of events Germany By www.eversheds.com Published On :: 2020-03-19 1.1 Which Corona related administrative orders must be differentiated in Germany and what are their effects? The local health departments are, on a case-by-case basis, entitled to prohibit the happening of any kind of event that includes a significa... Full Article
corona Coronavirus Legal consequences of supply shortages Germany By www.eversheds.com Published On :: 2020-03-19 1.1 What impact might production downtime or circumstances with similar effect have on supply contracts? Reduced production or similar measurements and resulting supply shortages can cause severe problems to distributors or intermediaries, as they ... Full Article
corona Coronavirus - Considerations for IT contracts - UK By www.eversheds.com Published On :: 2020-03-19 Introduction One of the many implications of the Coronavirus outbreak is a renewed focus on contract terms that allow suppliers early warning of customer financial difficulty. However, for suppliers of IT, English insolvency legislation prevents tho... Full Article
corona Coronavirus Consumer refund rights for services - UK By www.eversheds.com Published On :: 2020-04-22 The escalation of the COVID-19 outbreak has resulted in many businesses being unable to perform their contractual obligations to their customers, whether by being unable to perform at all, or finding that they are having to delay performance signifi... Full Article
corona Coronavirus - Update for UK companies - UK By www.eversheds.com Published On :: 2020-03-17 Year end reporting and filing accounts Year end reporting and audit As a reminder, the Financial Reporting Council (FRC) published advice to all companies and auditors in February on COVID-19 related risk disclosures in year-... Full Article
corona Coronavirus - Impact on AGMs and other matters for traded companies UK By www.eversheds.com Published On :: 2020-03-19 For listed and traded UK companies with a 31 December year end, the COVID-19 pandemic and the potential for further tightening of restrictions on gatherings and travel in the UK raise particular issues as they enter into reporting and AGM seas... Full Article
corona Coronavirus Authorities respond to reporting difficulties - UK By www.eversheds.com Published On :: 2020-03-30 Companies are facing difficult times with reporting, audits and meetings in view of the COVID-19 outbreak. In this update we take a look at the measures that have been announced this week to assist companies. Whilst we are seeing some creative... Full Article
corona Coronavirus - Overview of the impacts of the lockdown in Mauritius Part II - Employment law considerations By www.eversheds.com Published On :: 2020-03-31 Employment law considerations Whilst considering the health and safety recommendations implemented by the Government, the Occupational Safety and Health Act 2005 (OSHA), also establishes legal principles guiding employers and employees in dealing wi... Full Article
corona Coronavirus - Bridging the gap on purchase price - Germany By www.eversheds.com Published On :: 2020-03-31 What sellers and buyers can do to agree on a purchase price Due to the economic turmoil that has been caused due to Covid-19 Sellers and Buyers are trying to find common grounds for the valuation of target companies ("Target"). Many Sellers are sti... Full Article
corona Coronavirus Shareholders and board meetings Belgium By www.eversheds.com Published On :: 2020-04-02 Decisions of the management body The Belgian Companies and Associations Code (hereafter CAC) allows for the management body to take all decisions by way of unanimous written consent of all directors except when the articles of association exclude ... Full Article
corona Coronavirus - Impact on working capital and fundraising options - UK By www.eversheds.com Published On :: 2020-04-02 Background The ongoing coronavirus pandemic is a public health crisis which has quickly developed into a deep economic crisis. Many businesses, particularly those in the retail, leisure and hospitality sectors, are facing a complete and indefinite c... Full Article
corona Coronavirus Impact on AGMs Hong Kong By www.eversheds.com Published On :: 2020-04-08 Discover how coronavirus is impacting AGMs for Hong Kong listed companies with this COVID-19 briefing from global law firm Eversheds Sutherland With the recent surge in the number of coronavirus disease 2019 cases in Hong Kong, this has prese... Full Article
corona Coronavirus - FCA announces additional measures to aid listed companies with fundraisings - UK By www.eversheds.com Published On :: 2020-04-09 Listed companies and recapitalisation issuances The FCA has announced a series of measures aimed to assist companies in raising additional capital in response to the Coronavirus crisis, whilst at the same time aiming to retain appropriate protection... Full Article
corona Coronavirus New measures affecting business Russia By www.eversheds.com Published On :: 2020-04-14 On 1 April 2020, the President of the Russian Federation signed Federal Law No. 98-FZ On Amendments to Certain Legislative Acts of the Russian Federation on Disaster Management and Emergency Response, which introduces a number of measures in differe... Full Article
corona Coronavirus Fiducie Facilitating the obtaining of secured financing and the disposal of distressed assets France By www.eversheds.com Published On :: 2020-04-15 When the economic situation deteriorates, when the financial situation becomes strained, when the granting of credit becomes more difficult, being able to provide effective collateral in order to obtain cash from lenders is more important than ever ... Full Article
corona Coronavirus Shareholders and board meetings Belgium By www.eversheds.com Published On :: 2020-04-16 Royal decree No 4 1 contains various provisions on co-ownership and companies and associations law in the context of the fight against the Covid-19 pandemic. It was published in the Belgian State Gazette on 9 April 2020. The COVID-19 Decree is, amon... Full Article
corona Coronavirus - General meetings in lockdown Switzerland By www.eversheds.com Published On :: 2020-04-27 The COVID-19 pandemic and the associated "lockdown" poses completely new challenges for Swiss societies. This concerns, among other things, the numerous upcoming annual general meetings, which are usually held between April and June. According to th... Full Article
corona Coronavirus - The certainty of change: M&A in a pandemic - Global By www.eversheds.com Published On :: 2020-04-28 Right now M&A activity has been significantly decreased, and the projected numbers for foreign direct investment and Gross Domestic Product in many countries are concerning. However, we must remember that we have been through many crises over th... Full Article
corona Coronavirus - Bridging valuation gaps with earn-outs and put/call options - Global By www.eversheds.com Published On :: 2020-04-29 The continued impact of the coronavirus pandemic is undoubtedly increasing uncertainty around asset valuations. With the need to bridge valuation gaps in order for parties to strike deals, this article looks at two key tools to navigate this te... Full Article
corona Coronavirus - Special corporate governance rules - Hungary By www.eversheds.com Published On :: 2020-04-30 On 10 April 2020, a Government Decree was issued that prescribes the application of different company law rules as part of the government’s Economic Protection Action Plan. This adds new opportunities for corporate decision-making to mitigate ... Full Article
corona Coronavirus - Guidance issued to Remuneration Committees - UK By www.eversheds.com Published On :: 2020-04-30 The Investment Association (IA) has issued guidance to UK listed companies on how to approach executive pay issues during the COVID-19 pandemic. The IA published a Full Article
corona Coronavirus Podcast: DAC6 implications on corporate reorganisations - Global By www.eversheds.com Published On :: 2020-05-05 ... Full Article
corona Coronavirus - Podcast series: M&A and COVID-19 - Global By www.eversheds.com Published On :: 2020-05-07 We have produced a series of podcasts looking at how COVID-19 has impacted the M&A market with discussions around key issues including technology, pricing and insolvency. Episode 1: Lessons from 2008 In Episode 1 our Corporate Partners ... Full Article
corona Coronavirus - Block Exemption for the Retail Property Sector South Africa By www.eversheds.com Published On :: 2020-04-03 The Covid-19 Block Exemption for the Retail Property Sector (the “Regulations”) were published on 24 March 2020 in response to the declaration of the National State of Disaster. The Regulations exempt certain agreements or practices with... Full Article
corona Coronavirus Department of Transport Regulations South Africa By www.eversheds.com Published On :: 2020-04-01 A notice was published in the government gazette on 30 March 2020, in terms of which the minister of transport (the “Minister”) has, in terms of section 18(7) of the National Road Traffic Act (No. 93 of 1996), extended the licensing and ... Full Article
corona Coronavirus - The use of Personal Data in connection with Covid-19 Hong Kong By www.eversheds.com Published On :: 2020-03-18 As a general rule of data privacy protection in Hong Kong, personal data should be used only for the original purpose for which the data was collected, or a directly related purpose. One exception is where the data user obtains the consent from the ... Full Article
corona Coronavirus Data Protection considerations for alternative communication platforms Global By www.eversheds.com Published On :: 2020-03-25 How does the communication within a team take place in the home office? Due to the increasing intensity of preventive measures against the spread of corona, more and more companies are closing down their locations and, where possible, relocating bus... Full Article
corona Coronavirus - Protecting your company and brand - Global By www.eversheds.com Published On :: 2020-04-14 ... Full Article
corona Coronavirus - Returning to the office: back to normal? - UK By www.eversheds.com Published On :: 2020-05-04 This week, the Government intends to set out its “road map” to “unlock the economy” and get people back to work. Therefore, in the not too distant future (hopefully sooner rather than later for the majority), businesses will ... Full Article
corona Coronavirus - Impact on International Trade & overview of unilateral protectionist measures By www.eversheds.com Published On :: 2020-03-06 Introduction Following the declaration by the World Health Organisation (WHO) on 30 January of a Public Health Emergency of International Concern (PHEIC) in response to the coronavirus crisis (please see our last briefing here), the vi... Full Article
corona Coronavirus - Impact on International Trade & overview of unilateral protectionist measures By www.eversheds.com Published On :: 2020-03-06 Introduction Following the declaration by the World Health Organisation (WHO) on 30 January of a Public Health Emergency of International Concern (PHEIC) in response to the coronavirus crisis (please see our last briefing here), the vi... Full Article
corona Coronavirus EU Border Closure impact on International Trade - Global By www.eversheds.com Published On :: 2020-03-20 Border Closure Update In an attempt to stem the virus outbreak in Europe, a number of European Union (EU) and Schengen zone Member States exercised their right to temporarily re-introduced border controls between themselves and other Member States. ... Full Article
corona Coronavirus Podcast series: Competition and Coronavirus - Global By www.eversheds.com Published On :: 2020-04-29 Join us in a series of podcasts, where we address the key issues impacting the global Competition landscape as a result of the coronavirus pandemic. Episode 1: Competition and Cooperation during Covid-19 This podcast is a panel style discussion mode... Full Article
corona Coronavirus - Consumer cancellation and refund guidelines - UK By www.eversheds.com Published On :: 2020-05-06 On 30 April 2020, the Competition and Markets Authority (“CMA”) released a statement on consumer protection law in relation to cancellations and refund complaints. The coronavirus outbreak has seen a significant increase in consum... Full Article
corona Coronavirus - Communication on relaxation of competition law - Italy By www.eversheds.com Published On :: 2020-05-07 Introduction The coronavirus has forced antitrust authorities both at EU and national level to adopt an exceptional approach on competition rules. At an EU level, on 8 April the European Commission approved specific guidance to guide companies in t... Full Article
corona Coronavirus - German Federal Government plans legislative package to mitigate consequences of COVID-19 - Germany By www.eversheds.com Published On :: 2020-03-24 Changes to the insolvency, civil and criminal procedural law The German Federal Government is currently planning various support measures for entrepreneurs, sole traders, other small, medium and large companies and credit institutions to mitigate t... Full Article
corona Coronavirus - Economic Stabilisation Fund - Germany By www.eversheds.com Published On :: 2020-04-01 State recapitalisation aid to companies in the Covid 19 crisis 1. Overview | within a very short time, the German legislator passed a law to establish an Economic Stabilization Fund (ESF) | the aim is to stabilize the companies in the real economy a... Full Article
corona Coronavirus - Insolvency and extraordinary moratorium Czech Republic By www.eversheds.com Published On :: 2020-04-16 Coronavirus and the related restrictive measures directly affect not only insolvency proceedings that are already in progress, but can also cause or accelerate financial problems that will lead to bankruptcy and subsequent beginning of insolvency pr... Full Article
corona Coronavirus - Government launches Future Fund for high-growth companies - UK By www.eversheds.com Published On :: 2020-04-27 On 20th April, the UK Government announced a £500m “Future Fund”, as part of its package of measures to support businesses in response to the coronavirus. What is the Future Fund? The Future Fund is being set up with the aim ... Full Article
corona Coronavirus - Judicial comment on temporary ban on Statutory Demands and Winding-up Petitions... and opportunism! - UK By www.eversheds.com Published On :: 2020-05-04 In Re Saint Benedict's Land Trust ... Full Article
corona Coronavirus What makes debt buy-backs an option right now?- UK By www.eversheds.com Published On :: 2020-05-04 In light of the recent market events, the trading prices of many loans have fallen dramatically. As a result, companies (or their private equity sponsors) may consider utilising the debt buy-back mechanics in their credit agreements. A debt buy-back... Full Article
corona Coronavirus - A snapshot of the insolvency process - UAE By www.eversheds.com Published On :: 2020-05-05 Whilst the UAE Government has launched economic stimulus packages to minimize the disruption, the financial and social cost of the virus will be felt for many months, if not years, to come. In light of this severe economic disruption, companies of a... Full Article
corona Coronavirus Impact on the medical device industry Europe By www.eversheds.com Published On :: 2020-04-07 ... Full Article
corona Coronavirus Commission issues competition framework for co-ordination of essential scarce products - Europe By www.eversheds.com Published On :: 2020-04-09 Executive summary On 8 April 2020, the European Commission issued a Temporary Framework Communication enabling it to: issue “comfort letters” in respect of specific temporary competitor co-ordination projects; and explain the criteria it... Full Article
corona Coronavirus - Impacts on clinical trials - Germany By www.eversheds.com Published On :: 2020-04-14 Implications of Covid-19 on the conduct of clinical trials The current Covid-19 pandemic’s impact on European healthcare systems, such as limited or no patient contact; restricted site access; shortage of investigational medicinal products; t... Full Article
corona Coronavirus - Impact on the international Wind Energy industry By www.eversheds.com Published On :: 2020-03-03 Following the detection of a new coronavirus strain of pneumonia in Wuhan, China in late 2019 (now named ‘COVID-19’), the subsequent scale of the outbreak and the measures undertaken by various governmental authorities to contain it, hav... Full Article
corona Coronavirus - Impact on the international Wind Energy industry By www.eversheds.com Published On :: 2020-03-03 Following the detection of a new coronavirus strain of pneumonia in Wuhan, China in late 2019 (now named ‘COVID-19’), the subsequent scale of the outbreak and the measures undertaken by various governmental authorities to contain it, hav... Full Article
corona Coronavirus notification requirements for company reporting UK By www.eversheds.com Published On :: 2020-03-18 As the situation with the COVID-19 outbreak continues to develop in the UK and beyond, there are a few recent developments for UK companies to be aware of. Year end reporting and filing accounts Year end reporting As a reminder, the Financial Report... Full Article
corona Coronavirus- Global Update By www.eversheds.com Published On :: 2020-03-19 As Covid-19 continues to disrupt the clean energy sector we want to do what we can to help you. Free Global Webinar We will be hosting a global webinar on 25 March 3pm (UK time) which will provide practical advice around many of the problems being f... Full Article
corona Kuwait- Netherlands: 63 more deaths from coronavirus By article.wn.com Published On :: Sat, 09 May 2020 16:46 GMT (MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, May 9 (KUNA) -- Sixty-Three more coronavirus deaths were reported in the Netherlands on Saturday, down ... ...... Full Article
