Corporate Governance

United Kingdom: COVID-19 and consumer law issues – refunds and cancellations, the holiday accommodation...

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The CMA has begun to take action against businesses operating in the holiday accommodation sector that it considers are failing to comply with the law.This follows the CMA guidance in late April on consumer cancellations and refunds, and the announcement that it would be focusing on the sectors against which it had received the most complaints. On 9 June the CMA press release stated that "following CMA action, a major holiday lets company is now offering refunds for cancelled bookings, while others are facing further scrutiny over their policies".

United States: Idaho’s Supreme Court means business, handing taxpayers a win on definition of...

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The Idaho Supreme Court recently affirmed a District Court's judgment that the gain from the sale of a 78.54% membership interest in a limited liability company did not constitute 'business income' under Idaho Code section 63-3027.  In Noell Indus. Inc. v. Idaho State Tax Comm'n, Docket No. 46941 (Idaho 2020), the court determined that “this type of gain does not meet the definition of ‘business income’ under either the transactional test or functional test (including the unitary business test),” and was therefore not apportionable income.

Hong Kong: Does your company have an effective whistle-blowing program? What Hong Kong companies...

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Whistle-blowers have been a prominent feature of the ongoing COVID-19 crisis. From the medics across the globe who have blown the whistle on supply shortages, misleading information regarding effective treatments and risk measures, whistle-blowers have been a vital source of information during the pandemic. Companies have also been challenged with increasing numbers of whistle-blowing reports during this period in areas including fraud, corruption and harassment.  Although there is no comprehensive law in Hong Kong requiring companies to implement a whistleblowing policy and procedure, it is a best practice component to any compliance program and an essential tool to combat internal misconduct and to ensure compliance with laws and regulations.

Global Private Investment in Public Equity (PIPE) Guide

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Our Global PIPE Guide sets out a comparison of the key features and requirements applicable to PIPE deals in a number of jurisdictions around...

Global: COVID-19: Government Intervention Schemes Guide

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Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of...

Global: COVID-19 Business Response Series

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The pervasive nature of COVID-19 means that businesses across the globe are facing a similar struggle: balancing the need to make critical decisions with...

Australia: COVID-19 – Recent continuous disclosure changes – What do they really do

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The recent changes to continuous disclosure  obligations under the Corporations Act  have been welcomed by listed companies and their boards but don’t go as far as their stated purpose in the press release accompanying the legislative instrument implementing the changes, so companies will still need to be very careful in providing guidance or making other disclosures to the market.

Global: Regulations and Responsibilities Affecting Directors and Senior Managers of Asset Managers – Global...

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A convergence of factors has brought about the perfect storm of disruption and change, presenting a myriad of challenges and opportunities to Asset Managers...

Australia: Overview of the Australian Insolvent Trading Prohibition and the Safe Harbour Protections

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Directors of Australian companies face significant personal monetary -- and potential criminal and adverse professional -- consequences if they allow the company to trade...

Global: COVID-19: Government Intervention Schemes Guide

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Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of...
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