If you are unsure of what the requirements are or whether you are meeting those requirements, or maybe you would just like some assistance or advice then please contact us today to request a due diligence review of your company’s corporate governance for £250 + VAT. In addition, below is a brief summary of some […]
On 29 May 2020 a Bill supplementing the Personal Data Protection Act (the Bill) was presented to the Bulgarian Parliament for debate, directed against the so-called “fake news” in the electronic environment. At present, it is legally possible an anonymous person to publish information of unproven origin on a given website. In addition, there is […]
Following the Chancellor’s announcement on the future of the Coronavirus Job Retention Scheme, on Friday, 29 May 2020, the Government has recently published further guidance. We have summarised the key points below: The Scheme will continue until the end of October, with furloughed employees continuing to receive 80% of their salary (up to £2,500 a […]
On 02 June 2020, the HKSAR Government announced that the prohibition on group gatherings in public places under the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Cap. 599G) (the “Prohibition on Group Gatherings Regulations”) would be extended for at least 14 days. The prohibition on group gatherings The implementation period of the […]
What is business interruption insurance?Business interruption insurance is a form of business insurance that provides coverage to the policy holder for certain financial losses suffered by the business if it is unable to operate its business as usual due to an unforeseen event. Some policies refer to business interruption insurance as “revenue protection” or similar, […]
A back to back agreement is used in commercial arrangement where you enter into a contract with a third party and some or all of your duties and obligations are to be performed by a third party, or you are reliant on the actions of a third party in order to fulfil your obligations. The […]
The government lockdown in response to Covid-19 has caused various logistical issues for everyone including companies. Many activities that a company would normally just “get on and do” as part of its usual routine are having to be adjusted. This includes the various corporate meetings, whether that is a board meeting or a meeting of the […]
For many companies operating in competitive markets in the current economic circumstances, a key aim is to preserve cashflow and maintain profits. These companies will likely also be wanting to retain key employees who will be essential to keeping the business running during the downturn and coming out of it with a competitive advantage. These […]
If you have a good relationship with your counterparty you may be comfortable entering into a relationship based on a “gentlemen’s” agreement or a more informal agreement than a written agreement. However, we would always recommend entering into a written agreement regardless of the strength of your business relationship. Why we recommend entering into a contract? The […]
The state of emergency in Bulgaria imposed due to the coronavirus continued until 13 May 2020. After that date The Bulgarian Government rescinded the state of emergency, however maintained a number of anti-epidemic measures. The latter are currently scheduled to be observed until 14 June 2020. As a result, the Bulgarian Parliament adopted a Law […]
Fintech bridges are a form of bilateral agreement between two national governments and their respective relevant regulatory bodies under which enhanced cooperation between the two nations is encouraged with regards to furthering the development of fintech and its adoption to everyday life. The UK has been party to fintech bridge agreements for the last three […]
The Government of the Republic of Bulgaria has approved the Portfolio Guarantee Program to support the liquidity of micro, small and medium-sized enterprises (SMEs) affected by the COVID-19. The implementation of the Program is entrusted to the Bulgarian Development Bank AD, which has already signed agreements with the first four credit institutions that begin work […]