En raison de l'impact sans précédent de la pandémie de la COVID-19 ainsi que des mesures de confinement afférentes sur l'économie canadienne et la vie des citoyens canadiens, les législatures et les tribunaux accordent des assouplissements importants aux entreprises et aux particuliers, notamment eu égard à :
certains délais de dépôt et de paiement, notamment pour les déclarations d'impôt, les paiements et remises ainsi que les dépôts en matière de propriété intellectuelle; et
As a result of the unprecedented impact of the COVID-19 pandemic and its containment measures on the Canadian economy and the lives of Canadian citizens, the legislatures and courts have granted wide-ranging relief for businesses and individuals from, among other things:
certain filing and payment deadlines such as for tax filings, payments and remittances and intellectual property filings; and
The English Court of Appeal has handed down its judgment in the Debenhams case, on which we acted. A copy of the judgment can be downloaded here. This upholds the decision of the High Court, which followed the earlier decision in Carluccio’s.
This note sets out the duties of the following directors of French companies with a particular focus on the duties owed by such directors of companies in financial difficulties:
The declaration of the state of emergencybecause of the COVID-19 crisis will significantly increase the number of applications for insolvency in Spain.
Measures proposed by the General Council of the Judiciary (Consejo General del Poder Judicial) (GCJ) are designed to streamline insolvency proceedings in order to facilitate the continuity of the business activity of insolvent companies or, at least, to enable them to obtain the maximum performance from the sale of their assets.
In this context, the GCJ measures appear to be based on two principles:
As part of the package of measures to mitigate the effects of the corona crisis, the German Bundestag has fast-tracked an act to mitigate the consequences of the COVID-19 pandemic in civil law, insolvency law, and the law on criminal procedure, adopting it into law on 25 March 2020.
The act contains a civil law moratorium that benefits parties who owe certain forms of contractual performance where the COVID-19 pandemic has forced them into the position that they cannot meet their contractual obligations.
- Main points of interest and preliminary analysis –
Jamais dans l’histoire les entreprises de toutes tailles et de pratiquement toutes les industries n’ont affronté une crise résultant à la fois d’un tarissement des sources d’approvisionnement et de la demande de façon simultanée. La crise de liquidités qui en découle engendre une insécurité omniprésente au sein des gestionnaires des entreprises et de l’ensemble des parties intéressées de celles-ci, incluant leurs employés, actionnaires, clients, fournisseurs, créanciers et les communautés dans lesquelles les entreprises opèrent.
Never before in history have businesses of all sizes and of all or almost all industries faced a crisis resulting from a simultaneous decline of supply and demand. The resulting liquidity crisis is creating pervasive insecurity among the managers of businesses and the stakeholders of those businesses, including their employees, shareholders, customers, suppliers, creditors and the communities in which the businesses operate.
The German parliament has adopted new legislation yesterday which is expected to become law soon. This briefing summarises the changes made, as well as a number of other legal aspects we find noteworthy in current times with regard to the real estate sector.
On 25 March 2020, the German Parliament (Bundestag) passed, in connection with the COVID-19 pandemic, significant changes in law (the “New Law”). These changes are subject to approval by the Federal Council (Bundesrat), which, however, is expected to be granted soon.