The Corporate Insolvency and Governance Bill 2020 (the “Bill”) introduces a flexible restructuring compromise or arrangement for companies in financial difficulty (the “Restructuring Plan”). It is proposed that the legislation governing the Restructuring Plan will sit alongside the schemes of
On 20 May 2020, the UK Government published the Corporate Insolvency and Governance Bill (“CIGB” or the “Bill”) which proposes several changes aimed at improving the chances of company rescue and better overall returns for creditors. One of the proposed
On May 20, 2020, the Chicago City Council passed a new ordinance that bars employers from retaliating against employees who miss work for certain reasons related to COVID-19. The ordinance, which became effective immediately after passage, imposes potentially significant financial
On 20 May 2020, the UK government announced the Corporate Insolvency and Governance Bill (the “Bill”), introducing a mixture of permanent and temporary measures, the latter being in response to the financial challenges companies are facing as a result of
The contract disputes now emerging from the COVID-19 pandemic are sure to lead to litigation in both courts and arbitral tribunals involving a wide range of businesses and industries. This litigation will raise novel issues requiring a practical guide on
Like a number of states across the country, DC, Maryland, and Virginia (collectively, “the DMV”) have begun to reopen their economies by gradually easing restrictions introduced in late March to slow the spread of the COVID-19 pandemic. Both Virginia and
On April 22, 2020, President Trump issued a “Proclamation Suspending Entry of Immigrants Who Present Risk to the U.S. Labor Market During the Economic Recovery Following the COVID-19 Outbreak,” to pause issuance of new immigrant visas to applicants who are
The UK Government has, in keeping with past practice, used the arrival of the bank holiday weekend to update the Coronavirus Job Retention Scheme. It has now published a second iteration of the Treasury Direction, which we have reviewed.
To
Following our recent update on Life in the Time of Corona, Part 3: Handling Collective Consultation in the UK, we have produced a practical checklist that highlights the steps that employers should consider when handling collective consultations in the
Effective May 27, 2020 at midnight Japan time, the Japanese government announced that it is banning entry of foreigners who have visited India, Argentina, South Africa or eight other countries for the past 14 days prior to arriving in Japan.
