Tag Archives: Europe

COVID-19: Navigating your Construction Contract post-pandemic

Construction disputes are likely to increase in number due to COVID-19 related issues. Caitlin Love sets the foundations to keep construction contracts standing.

In brief: Construction contracts totalling circa €17.9 billion have been halted in Ireland since the outbreak of COVID-19. Despite the restrictions having eased within the construction sector we have yet to witness the full impact of the pandemic within the industry. Employer/Contractor disputes due to the resulting delays and costs will inevitably develop. In any arising disputes, ultimately the type of contract entered into by the parties, and the wording of the relevant provisions within the contract, will be significant factors in determining where liability rests for the contractual consequences of the pandemic.

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ILN Today Post

ILN: Unprecedented Aid During the COVID-19 Crisis

The ILN’s Labor & Employment Group has put together a summary document, addressing the question, “In the UK the government has stepped in with unprecedented aid such as paying 80% of employees’ salaries who are at home and not working up to £2500 per month. There are also a raft of other financial measures. What measures have been enacted in your jurisdictions, and what are the impacts?” Click the guide below to see responses from 11 jurisdictions.

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First introduction of cramdown in Russian Bankruptcy

In addition to recent measures supporting the economy and preventing spread of COVID-19 a new law No. 166-FZ dated 8 June, 2020 “On amendments to certain legislative acts of the Russian Federation with a view to taking urgent measures aimed at ensuring sustainable economic development and preventing the consequences of the spread of a novel coronavirus infection” was adopted (hereinafter referred to as Law no. 166). Law No. 166 amended regulations provided by the Bankruptcy law1 with several novels.

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Emergency situation in Latvia due to Covid-19 revoked

On 10 June 2020, the state of emergency was abolished in Latvia, but at the same time the state aid measures and restrictions imposed (with certain exceptions) remain in force.

On Friday, 5 June 2020, the Saeima adopted the Law on Overcoming the Consequences of the Spread of Covid-19 Infectionwhich entered into force on June 10 and will regulate the state aid measures and determine the measures to prevent the consequences of Covid-19 after the end of the emergency situation on 9 June 2020.

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ILN Today Post

Temporary Layoffs during the COVID-19 Crisis – Updated

Companies have asked “Can an employer do temporary layoffs?” and want the answer in a short, summary format – and the ILN has answered – 17 member jurisdictions have weighed in with concise responses to help guide your business in the current crisis.

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Securing a foothold for a successful rebound from the economic effects of COVID-19

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

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.

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Debt recovery: Landscape change in High Court summary judgment procedure

A recent Supreme Court decision focuses on lenders using the High Court summary summons procedure for debt recovery. Eadaoin Jackson looks at what this decision means for lenders going forward

In brief: In Bank of Ireland v O’Malley, the Supreme Court held that if a lender wishes to use the High Court summary summons procedure for debt recovery, it will be required to explain each of the component elements of the debt claimed.

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

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?

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Time Does Not Stand Still for Litigants

In light of the ongoing coronavirus pandemic, with many law firms working remotely and going “virtual”, as well as the Irish Court system being effectively closed, save for urgent matters, legal practitioners and their clients should be particularly mindful of the consequences of delay in relation to progressing legal proceedings.

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ILN Today Post

Covid-19 in Latvia: Updates in regulatory enactments

General

  • As of 15 May 2020, the Baltic States resumed their international passenger air, sea, bus, and rail services.
  • Transport and passenger transport service providers and passengers, cargo or technical flight crew, performing their work duties or seafarers going to their jobs on board or returning therefrom, as well as foreigners, where the need to bring them into Latvia for compliance of the obligations of merchants has been confirmed by the Latvian Investment and Development Agency, are allowed to cross the external and internal borders of the European Union in the territory of Latvia.
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