On 31 March 2020, the Financial Conduct Authority (FCA) published a “Dear CEO” Letter (the Letter) to all authorised firms providing financial services to retail investors about measures the FCA is taking as a result of coronavirus (COVID-19). In the Letter, the FCA states that it expects firms to provide strong support and service to […]
In this document, we provide an overview of German government assistance that has already been implemented or is planned to mitigate the effects of coronavirus COVID-19. The KfW Special Program is available as of March 23, 2020 and applications can be submitted. Please be advised that changes may occur at any time. Click here to […]
Governments responses to the coronavirus COVID-19 pandemic are challenging the underlying economic infrastructure on which individuals and businesses rely. In this new guide we have set out the vital steps businesses should be taking to manage the current situation and their financial position going forwards. Click here to read the full document.
A pan-European guide focussing principally on changes to insolvency laws across Europe in response to the COVID-19 pandemic, including some ancillary material around finance packages which have been made available by government, is live on the website. If you have any feedback or comments please do contact one of the country contacts named or more […]
On 24 March 2020, UK Finance announced that the spending limit for contactless card payments will be increased from GBP30 to GBP45 with a national-roll out commencing on 1 April 2020. UK Finance is the trade association for the UK banking and financial services sector. The decision to raise the limit was reached following a […]
The National Bank of Ukraine (NBU) is introducing measures aimed at maintaining financial stability in the country and stimulating economic growth during the turbulent period of coronavirus outbreak. In particular, the NBU has taken the following steps to minimise the negative impact of COVID-19 on financial sector: the NBU introduced long-term refinancing loans for up […]
The coronavirus disease (COVID-19) outbreak has had and continues to have significant human, commercial and financial impacts all over the world. One undeniable impact is the economic uncertainty created by COVID-19 and the related historic volatility in global securities markets. While the impact of this volatility on a company’s common stock may be clear, the […]
The Australian government has issued guidance on temporary relief for financially distressed businesses. The economic impacts of coronavirus COVID-19 and health measures to prevent its spread could see many otherwise profitable and viable businesses temporarily face financial distress. It is important that these businesses have a safety net to make sure that when the crisis […]