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Directors have a duty to act in the best interests of the company. A director has the following general duties under the Companies Act 2006:
As countries shut borders, advise against travel and lock down entire countries, each segment of the economy will be affected by the consequences. COVID-19 will also have an impact on project finance facility agreement. ...
On 1 April 2020, the Federal Ministry of Finance alongside the Federal Ministry for Economic Affairs and Energy have announced a tailored start-up aid programme worth EUR 2 billion, to combat COVID-19 related recession.
To combat COVID-19 and its economic impact, German state-owned development bank Kreditanstalt für Wiederaufbau (KfW) has introduced the unlimited “KfW special programme 2020.” We have summarised the programme with ...
EBA issues Guidelines on legislative and non-legislative moratoria on loan repayments in order to support the financial system during the COVID-19 pandemic.
As COVID-19 continues to send shock waves through the economy, project finance developers prepare to sail through turbulent waters. Solutions are required for the manifold challenges of the crisis – be it the ...
Partner Richard Sharman takes a look at how those currently working from home as a result of COVID-19 measures can sign transaction documents from home.
In Germany the issuing banks of government emergency liquidity assistance loans had to assume at least 10% of the risk. The European Commission now cleared the path for a fully covered guarantee to SMEs
As the Novel coronavirus (COVID-19) pandemic continues to spread across the globe, people and businesses are facing unprecedented challenges, both immediate and strategic. Governments in various jurisdictions have ...
With fleets around the world grounded, many airlines are facing the unprecedented prospect of either bankruptcy or nationalisation. Our Aviation team takes a look at the long term impact coronavirus will have on the ...