When we began analysing in depth the possibility of Britain exiting the European Union, 18 months prior to the June 2016 referendum, the HERBERT businessSMITH FREEHILLS consensus w07as very muchSECTION TITLE that Brexit was a remote prospect that either would never happen or not matter.

Fast forward just over two years and the reality could not be more different. In this updated edition of our Brexit legal guide, we take stock of the present situation, summarising the key developments since last year's vote and what is to be expected in the months ahead. 10 33 99

Simona Kornhaas v Thomas Dithmar (Case C-594/14)

The ECJ have ruled that a director of an English company that had entered into insolvency proceedings in Germany is liable to reimburse the company under German law for payments made after the company became insolvent.

The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 (Regulations) to amend the structure of UK annual reports have been published and laid before Parliament.

The Financial Reporting Council (FRC) and institutional bodies have published the following guidance in relation to corporate governance and directors' remuneration in the last few months.

1. Contextul general și legislativ

În considerarea evoluției situației epidemiologice internaționale determinată de răspândirea Coronavirusului, care a determinat declararea pandemiei de către Organizația Mondială a Sănătății¹, la data de 11 martie 2020, a fost adoptat Decretul nr. 195/2020 privind instituirea stării de urgență pe teritoriul României („Decretul”)².

1. The general and legal context

In view of the evolution of the international epidemiological situation caused by the spread of Coronavirus, which determined the pandemic declared by the World Health Organization, on March 11, 2020, the Decree no. 195/2020 on imposing the state of emergency on the territory of Romania (the "Decree")¹ has been adopted.

Introduction

Introduction

The immediate focus for Britain’s authorities when dealing with the COVID-19 pandemic has been, quite rightly, to secure the best possible health outcome for the greatest number of people.

Subsequently, following a wave of concern regarding the best way of maintaining the financial status-quo for (i) businesses, (ii) employees, and (iii) individuals, the UK government announced an unprecedented series of assistance programmes, designed to counter the impact of previously unknown, and unquantifiable, distress.

Al fine di mantenere la sopravvivenza e la proattività delle imprese durante la crisi coronavirus, in data 1^o aprile 2020 l’Autorità Garante della Concorrenza e del Mercato (AGCM) ha adottato una comunicazione[1] sull’interpretazione dell’art. 103 del c.d. “Decreto Cura-Italia”[2], con la quale vengono sospesi i pagamenti delle sanzioni tanto in materia di concorrenza quanto di tutela del consumatore.

With respect to the dynamic course of events regarding COVID-19 – commonly known as the coronavirus – we address the threat of insolvency and related liability of the statutory bodies (Directors) and provide a list of practical mitigating steps