Agenda: 1/High Alert Regime Introduced in Moscow Due to the COVID-19 Pandemic 2/Federal Law on Antimonopoly Compliance Adopted 3/INCOTERMS 2020 Adopted 4/Two Directors’ Principle to be Implemented 5/Mitigation of the Responsibility for the Breach of Currency Legislation 6/Salary Indexation to be Included in the Constitution 7/The Law on Electronic Employment Record Books Becomes Effective 8/Overview […]
Moscow Desk
The government has just published a summary of the support measures and useful contacts to accompany businesses. You can download it here.
Paris
On March 18, 2020, Congress passed the Families First Coronavirus Response Act , a sweeping legislative bill to address the growing concerns surrounding the novel coronavirus, COVID-19. The FFCRA includes measures aimed at expanding paid employee leave in connection with the coronavirus emergency and providing employers with tax credits to cover the cost of those benefits.
Link to Decree No. 2020-260 of 16 March 2020 regulating movements as part of the fight against the spread of the COVID-19 virus: https://www.legifrance.gouv.fr/affichTexte.do?cidTexte=JORFTEXT000041728476&categorieLien=id Attestation de déplacement dérogatoire à remplir pour tout déplacement (à retrouver également sur le site du Ministère de l’Intérieur: https://www.interieur.gouv.fr/Actualites/L-actu-du-Ministere/Attestation-de-deplacement-derogatoire)
Paris
COVID-19 was declared as a pandemic by the WHO on 11 March 2020. Can force majeure then be raised to justify a temporary or permanent breach of contractual obligations?
This newsletter focuses in particular on the practical consequences that the crisis could have on: payment deadlines, single agreements and GCS, but also in consumer law; issues that fall under the jurisdiction of the European Commission and the Competition Authority (mergers, cartels and crisis state aid).
Taxation: emergency measures to be taken to deal with the coronavirus (COVID-19) crisis: transcription of the crisis into the companies’ accounts, reduction of the tax burden, preservation of the company’s cash flow and choice of financing and restructuring tools.
Paris
The covid19 global crisis and the relating lockdown measures will strongly impact the activity of borrowers and the value of their assets. Their repayment capacity and their liquidity needs will also be affected. The crisis also impacts lenders and the operation of financial markets. We outline advice to meet the difficulties that may arise in […]
Paris
Although the coronavirus is an extraordinary situation making financial communication both necessary and particularly sensitive, there is no indication at this stage that listed companies will benefit from any exemptions regarding compliance with their legal obligations or from any forbearance from the Autorité des Marchés Financiers (“AMF”). Therefore, in this difficult context, issuers have to […]
Donors are concerned both about their obligations in the face of the current coronavirus outbreak and also about the demands that may come from stakeholders affected by the outbreak. The impact of several legal concepts needs to be addressed. The obligation to guarantee the safety of the lessee (i) and the more general obligation to […]
Paris