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UK: Opportunities in Distressed M&A

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The COVID-19 pandemic is likely to give rise to a wave of distressed companies looking for buyers or investors. With depressed valuations and significant...

EU Consumer Protection Law Developments – Impact on the TMT Industry Webinar

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On Monday 15 June 2020, our Baker McKenzie TMT industry group experts hosted a virtual webinar session on the EU Consumer Protection Law Developments...

FREE WEBINAR – PCI PIN Security Requirements & Applicability

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Today with the increase in online transactions, we have also been witnessing a huge spike in cyber crimes. It is therefore essential to secure...

Austria: Redundancies in Times of COVID-19

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In the past months, also Austrian companies faced major challenges. Declines in business have made short-time work (Kurzarbeit) and the conversion of staff deployment...

United Kingdom: COVID-19 – flexible furlough guidance published

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Further guidance on flexible furlough has been published. The scheme was announced on 1 June 2020 and will go live on 1 July 2020. A new Treasury Direction for the scheme will be required; it remains to be seen whether this will alter or add to the announced conditions. In the meantime, the main new detail in the guidance is a seeming requirement for express written consent to be flexibly furloughed. There are also complex rules about how you calculate flexible furlough pay and when flexible furlough can start depending on if and for how long an employee was furloughed in June 2020.

Global: TMT Talk Podcast Series – Latest Episode: Expected developments in M&A transactions in...

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A tech-entwined world necessarily puts focus on technology companies and the opportunities that arise with them. TMT Talk, the Global TMT industry podcast, will help you navigate and prioritize via insights from top legal advisers in strategic technology markets. We'll go into the issues, how they affect businesses, society, and the way players deal with them.

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".

Switzerland: Legal guide to public contracting in light of the COVID-19 pandemic

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As a result of the extraordinary situation resulting from the spread of COVID-19 in Switzerland, the Executive Board of the Federal Procurement Conference (FPC) has issued recommendations for the public procurement of goods and services and contractual matters during the current COVID-19 crisis. The main goal is to mitigate the impact of the COVID-19 crisis on the Swiss economy from a public procurement perspective.The recommendations are valid during the exceptional situation as defined in the COVID-19-Ordinance 2 on measures to combat the coronavirus (SR 818.101.24) and for six months after the end of the exceptional situation.However, owing to federalism, procurement law is not uniform. The recommendations of the FPC are not legally binding and, thus, the cantons may deviate from them.

Global: The Future of Dispute Resolution

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 The COVID-19 pandemic will have long-lasting effects on our society and economy. It has already forced us to reevaluate how we socialize, work and...

Germany: New EU Rules for Platform Providers

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From July 12, 2020 the Regulation (EU) 2019/1150 of the European Parliament and of the Council of June 20, 2019 on promoting fairness and...
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