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DWF conducted a public survey and participated in a panel discussion on the issue at the recent Conservative Party Conference.
The European Commission's decision to fine Google €2.42 billion for breach of EU competition law is significant for Google – but also exposes failings in the Commission's processes.
UK Chancellor, Rishi Sunak, has authorised a bold rescue plan named “Project Birch” to provide State assistance to strategically important companies whose failure would "disproportionately harm the UK economy". Reports state that the Government is planning to offer preferential loans or take equity in strategically important companies, but only as a last resort. This marks a significant change in approach for the UK Government, which has previously been focused on supporting companies through grants and loans.
New laws have been implemented at the Federal and State levels to facilitate the electronic signing and remote witnessing of documents in order to address the practical difficulties brought on by COVID-19.
State aid law is at the forefront of national industrial strategy and a high profile subject in the wake of the COVID-19 pandemic and with the UK negotiating a future trade relationship with the EU following Brexit.
The UK has sought to strengthen its negotiating position in its talks with the EU by publishing a series of draft legal agreements it hopes will form the basis of a comprehensive free trade agreement. The move comes as concerns grow that the EU's focus has shifted to prioritise the Covid-19 pandemic at the expense of UK trade talks.
A perfect storm is developing in the aviation sector with Ryanair's CEO Michael O'Leary pledging to use State aid law to challenge many of the rescue measures provided to rival carriers in the wake of the COVID-19 pandemic. In this article we explore the likely impact of such litigation and look at recent State aid approvals relating to airlines and airports.
In a move which is likely to facilitate multiple European government bail outs of airlines, sports, leisure and hospitality companies and possibly even carmakers and others under the most acute pressure from the COVID-19 crisis, the European Commission has further amended its State aid Temporary Framework to allow for recapitalisation aid and subordinated debt instruments. The new rules contain limitations on dividends and acquisitions by businesses who benefit from recapitalisation aid and include a requirement for conditions relating to climate change and the digital agenda to be reported to the European Commission. While the UK remains in the Brexit transition period (currently due to expire on 31 December 2020), these rules apply to it as well.
What to do if your business is faced with the threat of being wound up
The UK Government has released guidance setting out recommendations for parties to contracts materially affected by COVID-19 to act responsibly and fairly to protect jobs and the economy.
On 22 April 2020 the Saudi Arabian Franchise Law Royal Decree No. 122/1441 came into force with a number of it provisions applying retrospectively to franchise arrangements already in place.
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