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On the 29 June 2020, there was welcome news for many organisations which have previously been rejected from obtaining public funding due to the inclusion of the "undertaking in difficulty" test in the State aid Temporary Framework, which has meant that those not satisfying this test as at the end of December 2019 were excluded from support.
Peter Barnes, Insurance Partner and Head of Automotive at global legal business, DWF, comments on today's SMMT's manufacturing figures for May 2020. He said:
Jonathan Moss, Head of Transport at global legal services business DWF, comments on the SMMT UK new car registrations figures for May 2020. He said:
As the market's response to COVID-19 is starting to take shape, we review some of the potential issues that PLCs may encounter when using share schemes.
Jonathan Moss, Head of Transport at global legal services business DWF, comments on the SMMT car manufacturing figures for April 2020. He said:
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.
The European Data Protection Board has published important draft guidelines, setting out some of the data risks and recommended solutions, involved in keeping personal data safe, within a connected cars environment.