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Commercial Paper Programmes and the Bank of England’s COVID Corporate Financing Facility Corporate treasurers are currently assessing the UK Government’s Covid Corporate Financing Facility (CCFF). 
COVID-19: The Pensions Regulator's Announced Easements This update examines the Pensions Regulator's announcement of further easements for pension schemes as a result of the impact of COVID-19 that will stay in place until at least 30 June 2020.  
Coronavirus Job Retention Scheme: further updates We discuss HMRC's further update to their employer and employee guidance on the Coronavirus Job Retention Scheme.
COVID-19: Insurance Newsletter Distribution of profits; reporting; conduct issues; business interruption; key prudential, conduct and governance considerations
COVID-19: Options for workplace closures across Europe The COVID-19 outbreak is developing so rapidly that many businesses are struggling to cope with its impact. Europe is now established as the epicentre of the pandemic, and employers across the continent are having to consider what this means for their...
COVID-19 impact on PEs and residence: HMRC and OECD guidance HMRC has issued guidance providing some comfort in respect of the question whether employees who do not normally work in the UK, but are stranded here as a result of the travel restrictions imposed due to COVID-19, could create a permanent establishment...
India’s amended equalisation levy: a change players in the digital economy could not have foreseen On 1 February 2020, the Indian Finance Minister delivered the country’s longest Budget speech ever. However, there was no mention of amendments to the equalisation levy introduced in Finance Act 2016—neither in her 159 minutes long speech and...
Competition & Regulatory Newsletter The Competition and Markets Authority (CMA) has recently cleared two high profile mergers at Phase 1. 
A welcoming change for companies looking to bring their group-IP onshore Since 2002, there have been two tax regimes which apply to intangible fixed assets (IFAs) in the UK - the CGT regime for old IFAs and a specific accounts based regime for new IFAs which broadly allow companies to claim tax deductions in line with the...
Morrisons in the Supreme Court: a welcome decision with a sting in the tail This briefing considers the Supreme Court's recent judgement in WM Morrisons Supermarkets plc (Appellant) v Various Claimants (Respondent), with reference to the key data privacy considerations for employers.
Hong Kong: COVID-19 - The Impact on Commercial Leases in Hong Kong Landlords and tenants are facing unprecedented challenges in the wake of the rapidly evolving COVID-19 pandemic. 
COVID-19: To meet, or not to meet – public gathering ban and general meetings in Hong Kong The Hong Kong government has introduced a number of emergency measures to contain the spread of COVID-19.
Obligation to disclose inside information arising from an ongoing M&A negotiation – a recent MMT decision This briefing looks at the Market Misconduct Tribunal’s decision in respect of Magic Holdings International Limited, published on 25 March 2020.
Update: Coronavirus Job Retention Scheme Initial government guidance on the Coronavirus Job Retention Scheme (CJRS) was published on 26 March 2020.
EFIG: European Banking Newsletter - April 2020 Developments covered in this month’s edition include: