Banking & Finance

May 29, 2020

Going into the pandemic recession banks are assessing their position. Brian McEnery and Harry Fehily crunch the figures. Irish banks seem to be in a better position facing into the current pandemic crisis as compared to their position entering the 2008 Global Financial Crisis. A number of strategies and policies will assist the Irish banks to weather the storm and assist our economy. [Going into the pandemic recession banks are assessing their position. Brian McEnery and Harry Fehily crunch the figures]Read here.

Read full article

May 28, 2020

Pandemic Stabilisation and Recovery Fund

By Maria Gleeson of HOMS Solicitors

George Kennedy, Partner takes a look at the governments Pandemic Stablisation and Recovery Fund.

In brief: The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe TD, announced recently that the Ireland Strategic Investment Fund (ISIF) will make available a new €2 billion fund to support medium and large enterprises in Ireland affected by the COVID-19 crisis.

Posted in Banking & Finance | Coronavirus/COVID-19 | Europe

Read full article

May 27, 2020

How well prepared are Ireland’s banks for COVID-19?

By Alice Steen of HOMS Solicitors

Going into the pandemic recession banks are assessing their position. Brian McEnery and Harry Fehily crunch the figures

In brief: Irish banks seem to be in a better position facing into the current pandemic crisis as compared to their position entering the 2008 Global Financial Crisis. A number of strategies and policies will assist the Irish banks to weather the storm and assist our economy.

Where is the banking sector now compared to the 2008 Global Financial Crisis?

Posted in Banking & Finance | Coronavirus/COVID-19 | Europe

Read full article

May 13, 2020

RECAP OF THE OSC’S SEMINAR: COVID-19 — CONTINUOUS DISCLOSURE OBLIGATIONS AND CONSIDERATIONS FOR SMES

By Fogler, Rubinoff LLP

The Ontario Securities Commission (the “OSC“) hosted a presentation entitled “Continuous Disclosure Obligations and Considerations for Small and Medium Enterprises” (“SMEs“) on May 6, 2020 (the “Presentation“). The purpose of this article is to summarize some of the key points discussed during the Presentation, with a particular focus on management’s discussion and analysis (“MD&A“), financial information, material change reports (“MCRs“) and temporary relief for executive compensation disclosure. Read the full article.

Posted in Banking & Finance | Coronavirus/COVID-19 | North America

Read full article

April 28, 2020

Additional Funding Approved to Help Assist Small Businesses Affected by COVID-19

By Davis Malm & D'Agostine P.C.

On April 24, the President signed into law The Paycheck Protection Program and Health Care Enhancement Act, which appropriates approximately $484 billion in funding for coronavirus relief. The Enhancement Act amends the CARES Act and includes:

$321 billion to fund the Paycheck Protection Program (PPP);
$60 billion reserved for the Emergency Economic Injury and Disaster Loan (EIDL) Program;
$100 billion to fund a Public Health and Social Services Emergency Fund; and
$2.1 billion for certain Small Business Association (SBA) salaries and expenses.

This alert outlines amendments to the PPP and EIDL programs, and provides guidance for PPP loan forgiveness.

Read the Full Alert

Posted in Banking & Finance | Coronavirus/COVID-19 | North America

Read full article

April 23, 2020

GET A HEAD START — AVOID PROSPECTUS APPROVAL DELAYS BY PRE-FILING A PROSPECTUS ON A CONFIDENTIAL BASIS

By Fogler, Rubinoff LLP

On March 5, 2020 the Canadian Securities Administrators (the “CSA“) introduced a harmonized process for full reviews of prospectuses on a confidential pre-filing basis for non-investment issuers (the “Pre-File Process“). The concept of pre-filing a prospectus for comment is not new, however it was previously applied inconsistently by the various regulators. This prompted the CSA to respond by releasing its Staff Notice 43-310 — Confidential Pre-File Review of Prospectuses (for non-investment fund issuers) (the “Staff Notice“) to help harmonize the pre-filing process, and to help issuers obtain more certainty and flexibility in prospectus offerings. Read the full article.

Posted in Banking & Finance | Coronavirus/COVID-19 | North America

Read full article

April 20, 2020

COVID-19 – temporary measures for AIM companies and Nominated Advisers

By Fladgate LLP

On 20 March 2020, the London Stock Exchange (LSE) published an Inside AIM newsletter setting out temporary measures that would be implemented by the AIM Regulation team to support AIM companies and nominated advisers in addressing the challenges arising from the COVID-19 pandemic.

Until further notice, AIM Regulation will be applying discretion to the application of some of the AIM Rules for Companies (AIM Rules) and the AIM Rules for Nominated Advisers (Nomad Rules), as discussed below.

Posted in Banking & Finance | Coronavirus/COVID-19 | UK

Read full article

April 16, 2020

TSXV ANNOUNCES TEMPORARY RELIEF OF $0.05 MINIMUM PRICING REQUIREMENT

By Fogler, Rubinoff LLP

Pursuant to a bulletin issued on April 8, 2020, the TSX Venture Exchange (“TSXV“) implemented further temporary relief measures (the “Temporary Relief“) in response to the COVID-19 pandemic, regarding its $0.05 minimum pricing requirement. Read the full article

Posted in Banking & Finance | Coronavirus/COVID-19 | North America

Read full article

April 14, 2020

RELAXATIONS GRANTED BY SEBI AND IRDA ON ACCOUNT OF COVID-19 PANDEMIC

By LexCounsel Law Offices

Compliances have taken a backseat during the ongoing lockdown due to Covid-19 pandemic. Regulatory authorities have granted several relaxations to assist businesses to cope with the unprecedented lockdown and economic distress. We discuss herein below a few relaxations granted by the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority of India to ease the compliance distress of the companies.

Posted in Asia Pacific | Banking & Finance | Coronavirus/COVID-19 | Insurance

Read full article

April 10, 2020

CANADA’S COVID-19 ECONOMIC RESPONSE PLAN: HOW CAN YOUR BUSINESS BENEFIT?

By Fogler, Rubinoff LLP

The Government of Canada is showing support for Canadian businesses that may be experiencing difficulties due to the worldwide COVID-19 pandemic. Read the full article.

Posted in Banking & Finance | Coronavirus/COVID-19 | North America

Read full article