News 19 Dec. 2019
Curtis Wins in London for Federal Airports Authority of Nigeria
News 18 Apr. 2016
Curtis gains recognition in new Africa publication
News 26 Feb. 2020
Curtis Secures Comprehensive Victory for the Republic of Kazakhstan’s Committee of Roads
News 24 Jan. 2020
Curtis defeats $400 million investment treaty claim brought against India
News 13 May. 2020
Curtis Announces the Addition of Two New Partners and a New Counsel in Milan
Client Alert 13 May. 2020
France Insight: The Ministry of Economy and Finance broadens eligibility criteria to access State-guaranteed loans during the COVID-19 (Coronavirus) Pandemic
Article 05 May. 2020
Contractual Breaches Because of COVID-19: Mediation Agreements
Event 24 Apr. 2020
Partner Claudia Frutos-Peterson Discusses the Impact of COVID-19 on International Arbitration in a Webinar Organized by the Comisión de Arbitraje del Colegio de Abogados de Panama
Event 31 Jan. 2020
Partner Antonia Birt Speaks at 5th Annual GAR Live Abu Dhabi
Publications 15 Jan. 2020
Antonia Birt publishes IBA Arbitration Country Guide for the UAE
Event 21 May. 2020
Partner Claudia Frutos-Peterson Discusses Alternative Dispute Resolution in Times of COVID-19 in a Webinar hosted by American University’s Washington College of Law
Event 11 May. 2020
Curtis Associate Luis Carlos Ramírez Martínez to Speak on a Panel titled “Effects of COVID-19 on International Trade”
Client Alert 26 May. 2020
Italy Insight: COVID 19 (Coronavirus) Recovery Decree: a Company-Oriented Analysis
Event 26 May. 2020
Partner Gabriela Alvarez Avila participates in International Law Association Webinar on International Organizations in Times of Pandemic: Virtual Meetings
Client Alert 27 Mar. 2020
This alert is available for download HERE
COVID-19 has resulted in major disruption to businesses and individuals throughout the United Kingdom. As a result the UK Government has implemented a range of new rules, regulations and support measures to address the unfolding situation. The main provisions are contained in the UK Coronavirus Act of 2020 and the Health Protection (Coronavirus, Restrictions) (England) Regulations 2020; the information below highlights certain selected key areas. Additional measures may be applicable to you and your business that are not addressed here. Considering that the situation surrounding COVID-19 is very fluid and changing rapidly, we would encourage you to get in touch with one of our London team members if you have any questions.
Government Rules and Guidance for Businesses and Individuals
As of March 26, the UK Government has adopted the new Health Protection (Coronavirus, Restrictions) (England) Regulations 2020 (the “Regulations”) which expand upon and revoke the Health Protection (Coronavirus, Business Closure) (England) Regulations 2020, adopted March 21. Combined, the Regulations and guidance issued by the UK Government, order the closing of all “non-essential shops and public spaces”. Subject to certain exceptions, these include the following:
Broadly speaking the exceptions relate to essential functions and activities that are being carried out by businesses and venues (including but not limited to hosting essential voluntary or public services, transacting essential retail and delivery services). If you are unsure whether your business is affected by the Regulations or is potentially excepted from closure, please get in touch with one of our London team members.
In addition, the UK Government’s newly published rules on staying at home and away from others should be considered when determining whether to continue the operations of a UK business. The new rules state that UK residents should only leave the house for one of the following four reasons:
The rules stress that these four reasons are exceptions. When carrying out any of these activities, UK residents should minimise time spent outside of the home and ensure that they are at least two meters apart from anyone outside of their household.
Given the rapidly evolving landscape surrounding COVID-19 closures, we would recommend keeping these rules and guidance under continuous review.
Covid Corporate Financing Facility
The Bank of England has launched the Covid Corporate Financing Facility (“CCFF”) a new lending facility that is accessible for UK businesses that are “fundamentally strong but are experiencing severe disruption to cashflows”. The CCFF will provide interim financing for businesses that make a “material contribution to the UK economy” by purchasing commercial paper (short-term corporate debt) of up to one-year maturity, to be issued by such businesses. Businesses that wish to participate in the CCFF will have to prove that they were in sound financial health prior to the onset of disruption caused by COVID-19 and do not need to have previously issued commercial paper.
If you are interested to receive more information about the CCFF generally, CCFF eligibility and how to apply for the CCFF, please contact one of our London team members.
Coronavirus Business Support Measures
In addition to the CCFF, the UK Government has implemented a package of temporary measures to help combat the economic shock caused by COVID-19. These include:
More information on each of the Coronavirus Business Support Measures can be found here. We will continue to monitor the UK Government’s response to COVID-19, and will be publishing timely updates on significant developments.
Attorney advertising. The material contained in this Client Alert is only a general review of the subjects covered and does not constitute legal advice. No legal or business decision should be based on its contents.
+44 20 7710 9800
Client Alert 30 Mar. 2020
UK Insight - Coronavirus (COVID-19) and the Force Majeure Event: The English Law Perspective
Client Alert 02 Apr. 2020
UK Insight: UK Government COVID-19 Business Financing Facilities
Client Alert 01 Apr. 2020
UK Insight: Proposed Insolvency Law Changes and Additional Business Support Measures for COVID-19 (Coronavirus)