Businesses in all sectors are facing very challenging times arising from the outset of, and reaction to COVID-19. With the challenges in some instances being unprecedented, directors of affected special purpose companies need to be mindful of their duties especially around decisions that they are looking at making to get through current difficulties.
Aviation & Transport Finance
The outbreak of COVID-19 continues to have a deep impact on businesses across all sectors. A growing number of companies are warning that they will fail to meet financial and commercial targets and global supply chains are being disrupted. The legal implications of this are far ranging, complex and evolving.
Corporate & M&A
The second and third week of the shutdown phase in Ireland saw the closure of more businesses, the enactment of more emergency legislation and the introduction of the Temporary Wage Subsidy Scheme, as more and more jobs are impacted by the COVID-19.
COVID-19In our last update, we looked at the Betting Duty and Betting Intermediary (Amendment) Regulations 2020 which offer relief of up to €50,000 across a calendar year to bookmakers from the 2% Irish betting duty.
Betting, Gaming & Licensing
As discussed in our previous COVID-19 immigration update, due to COVID-19 any individual whose current Irish immigration permission is due to expire between 20 March and 20 May 2020 will be deemed to have their existing permission automatically renewed by the Minister for Justice and Equality for a period of two months.
COVID-19
The COVID-19 crisis is having an unprecedented impact on the construction industry.
COVID-19 Belfast
The Central Bank of Ireland (Central Bank) issued a statement to consumers emphasising the importance of continued access to payments and normal payment processing during the COVID-19 pandemic. Irish regulated firms operating in the payments space will be well aware of their BAU regulatory obligations.
COVID-19
The European Commission has issued Guidance to Member States on foreign direct investment (FDI), urging them to use all available tools at EU and national level to protect "Europe's strategic assets" in the current crisis.
Corporate & M&A
The European Central Bank (ECB) recently announced the €750bn Pandemic Emergency Purchase Programme (PEPP). The bond purchase programme was given statutory footing on the 24 March 2020 in line with Decision ECB/2020/440 and Decision ECB/2020/441.
COVID-19The outbreak of COVID-19 continues to have a deep impact on businesses across all sectors. The Irish Government has announced a range of further measures to combat the impact of COVID-19 on Irish businesses.
Even during the COVID-19 global pandemic, time is not standing still on business disputes.
COVID-19
COVID-19 is presenting unique and unprecedented challenges for employers, who have to quickly react to workforce related issues in an ever-evolving situation. Employers now need to make difficult decisions to ensure that their businesses can navigate their way out of this crisis. A key area of focus at this time is payroll cost reduction. Our Employment Pensions & Incentives teams have been advisi
COVID-19
