For a couple of years, new proposals have been published for a new legal basis for sanctions to be imposed on companies for legal violations committed by companies. On April 22, 2020, exactly seven months after a first internal draft was leaked, the Federal Ministry of Justice and Consumer
The UK’s Coronavirus Job Retention Scheme (CJRS) has entered its second week of operation, its first week having seen the release of yet more updated guidance. Anecdotally, HMRC’s online portal appears to be bearing up, although some problems have been reported, such as calculations for variable pay. Nevertheless, there remain critical uncertainties within the scheme, which could lead to claims being rejected or (more likely) susceptible to retrospective audit and a demand for reimbursement. Whether you have already furloughed employees or are considering doing so, there are steps to take to mitigate risk, tailored to your organisation’s key objectives.
For the past few years, Silicon Valley has anticipated a period where plentiful venture capital funding dries up and startups with not-yet-profitable businesses must make it on their own. This article, first published on Bloomberg Law, is the first of a two-part series for buyer and investors on how to structure transactions for distressed start-ups. It will cover mergers and acquisitions transactions.