United Kingdom: UK Government lowers intervention thresholds for public health and national security related...

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On Monday (22 June 2020), changes to the Enterprise Act 2002 merger control thresholds were published regarding (i) UK businesses critical to combating COVID-19 and public health emergencies, and (ii) certain UK businesses and technologies deemed important to national security. These changes are being implemented in advance of the forthcoming National Security and Investment ("NS&I") Bill, which is anticipated to be published shortly and will establish a standalone UK foreign investment review regime. They also follow 2018 amendments when the UK Government materially reduced the jurisdictional thresholds for businesses engaged in military or dual-use goods, computer processing unit or quantum technology activities. In the case of national security, the changes are intended to safeguard the UK ahead of more comprehensive powers to be introduced in the NS&I Bill.

United Kingdom: COVID-19 – Government guidance for employers updated to reflect further easing of...

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The UK government has announced that further businesses will be allowed to reopen from 4 July, including pubs, restaurants, hairdressers, hotels and guest accommodation, cinemas and outdoor gyms.  Non-essential retail businesses have been permitted to reopen since 15 June.While the message continues to be that those who can work from home should continue to do so, more employees will be returning to the workplace.  The government has published updated workplace-specific guides (available here) for employers to enable them to operate safely (known as being "COVID secure").Employers should check the appropriate guidance for the types of workplace they operate as they make their plans, but check back regularly to see if updates have been made.

International: COVID-19 Global guide on public contracting

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In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them. Common to all approaches is the will to enable public contractors to procure the urgently needed supplies to save lives and contain the pandemic without major bureaucratic hurdles.

Europe: Recovery & Renewal – EMEA Tax Issues: Digital Tax

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Baker McKenzie's EMEA Tax Practice Group presented an overview on "Digital Tax", the third in a series of short webinars to keep tax professionals abreast of recent developments in these less than certain times on 23 June 2020.

United Kingdom: COVID-19 – Dishonest assistance and fraudulent trading: Bilta (UK) Limited (in liquidation)...

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This article relates to a recent High Court decision regarding dishonest assistance, fraudulent trading (pursuant to s.213 of the Insolvency Act) and vicarious liability and will be particularly relevant to brokers, banks, traders and other intermediaries which process payments and other transactions.  The Disputes Resolution team shed light on the circumstances in which those entities and individuals may be found by the Courts to have acted dishonestly by failing to seek further information where they have suspicions of potential wrongdoing. This will also be useful reading in preparation for a post-Covid-19 world, when the repercussions of actions that took place before and during the pandemic will be better understood and will no doubt be thrust under a spotlight.

United Kingdom: Reopening for Business

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Reopening for BusinessEssential Checklists for UK In-House CounselBusinesses have to be adaptable when navigating the business and legal impact of the COVID-19 pandemic. Our...

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...

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...

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.
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