The Corporate Insolvency and Governance Act (CIGA) came into force on 26 June 2020, introducing a number of permanent and temporary changes to the UK’s insolvency and company laws (for further details, please refer to our GT Alert on CIGA). Certain of the temporary changes introduced by CIGA were due to expire on 30 September 2020. Some (but not all) of these temporary changes have now been extended pursuant to regulations (the Extension Regulations)…

Welcome to Greenberg Traurig’s Quarterly Update for Overseas Investors, prepared by the firm’s London Real Estate Practice. This newsletter reviews a range of legal and practice developments that may directly affect overseas investors in the UK real estate sector. In This Issue: Beneficial Ownership Register Commercial Leasing & the ‘New Normal’ COVID-19 Insolvency New UK Tax Landscape for International Investors Tax Treatment of Asset Holding Companies in Alternative Fund Structures Stamp Duty Land Tax (SDLT)…

A comparison of the new Dutch Scheme and the new UK Restructuring Plan. The European restructuring landscape continues to evolve with the recent introduction of a new restructuring procedure (UK Restructuring Plan) into the United Kingdom’s restructuring tool kit. The UK Restructuring Plan was enacted as part of the Corporate Insolvency and Governance Act 2020 (CIG Act) which became effective on 26 June 2020; it is closely based on the UK scheme of arrangement procedure…

As of 20 July 2020, Phase 1 of the UK’s Industrial Energy Transformation Fund (IETF) is open for applications for grants, according to the Department for Business, Energy and Industrial Strategy (BEIS). The IETF, announced in the UK’s 2018 autumn budget, is designed to assist the transition of high energy use businesses into a lower carbon future economy. £289 million of the IETF’s total £315 million fund is available to businesses in England, Wales and…

On 26 June 2020, the Corporate Insolvency and Governance Act (CIG Act) came into force which introduced fundamental changes to the UK’s company and insolvency laws which not only provide temporary assistance to companies and their directors during the Coronavirus Disease 2019 (COVID-19) crisis, but on a permanent basis have significantly bolstered the UK’s restructuring tool kit. Amongst other matters, the CIG Act implements measures contained in the UK Government’s consultation on Insolvency and Corporate…

Natalie Carter, a senior associate in the London office of global law firm Greenberg Traurig, LLP, has been selected as a finalist for the 2020 Black British Business Awards. She is nominated as a Professional Services Rising Star. Carter is heavily involved with various charities and organizations within the legal industry that aim to improve diversity in law. Continue reading the full release, Greenberg Traurig’s Natalie Carter Selected as Finalist for 2020 Black …

Welcome to Greenberg Traurig’s LIBOR Transition Newsletter, where we provide updates, analysis, and occasional commentary on the latest developments relating to the highly anticipated phasing-out of LIBOR at the end of 2021 or perhaps sooner. Our sixth issue discusses the following: The FCA Message is Clear: LIBOR Cessation is Coming, Notwithstanding Pandemic Loan Markets: Hardwired Approach Derivatives Market: Waiting for The ISDA Protocol Other Recent Developments Click here to read the full GT Newsletter, LIBOR …