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Eating and drinking out: Will it all end in tiers?
  • The hospitality industry has been fighting back against the Government's lockdown measures due to the lack of financial support, but there is absolutely no doubt that the worst is yet to come as having weathered lockdown 2.0, Government policy now looks set to deny many operators the ability to trade properly in the run up to Christmas, with hard hit businesses set to miss out on circa £7.8bn of trade.
  • The majority of the temporary measures introduced by the Corporate Insolvency and Governance Act 2020 may have been extended, but directors remain mindful of their statutory duti
United Kingdom, Insolvency & Restructuring, Leisure & Tourism, Addleshaw Goddard LLP, Coronavirus
Measures in German Insolvency Law due to the Outbreak of COVID-19

GENERAL INSOLVENCY LANDSCAPE IN GERMANY PRE-COVID-19

Without undue delay upon occurrence of illiquidity or overindebtedness, at the latest within three weeks, members of the representing body of a legal entity have to apply for the opening of insolvency proceedings over the assets of such entity

INSOLVENCY REASONS:

Germany, Insolvency & Restructuring, Addleshaw Goddard LLP, Coronavirus