Autumn 2020

While it has been in place since 1990, the legal framework governing bankruptcy and restructuring in Oman underwent a qualitative change in 2018 and 2019 with the issuance of the new Criminal Law (Royal Decree (RD) 7/2018) (the Criminal Law) and the Bankruptcy Law (RD 53/2019) (the Bankruptcy Law), which may have a significant impact …

Continue reading “Changes to the bankruptcy and restructuring legal framework in Oman”

On 16 March 2020, the Austrian government imposed drastic measures to contain the SARSCoV2 virus, commonly known as Covid-19. The international Covid-19 crisis resulted in a seven-week complete lockdown in Austria, with only ‘critical infrastructure’ such as banks, supermarkets, pharmacies and hospitals remaining open for business. Simultaneously, the Austrian government applied several economic measures, attempting …

Continue reading “Measures to mitigate the effects of the coronavirus pandemic on the Austrian economy”

European distressed debtors and creditors face uncertainty regarding English law-governed debt and, more generally, their overall restructuring strategy. This uncertainty arises against the backdrop of the UK’s imminent departure from the EU, the Covid-19 pandemic and turbulent markets. Many major out-of-court or in-court European debt restructurings use English law governed loan debt and Luxembourg-based debtors, …

Continue reading “Post-Brexit recognition of English insolvency judgments in Luxembourg and its effects on European restructurings”

Company acquisition and restructuring often bring about a change in the acquiree’s business strategy, direction, organisation and personnel structure. These can affect the employment relationship between the acquiree and its employees as well as sometimes the employment affairs of the acquirer. Acquisition can be divided into asset acquisition and equity acquisition. This article analyses how …

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The Ministry of Health, Labour and Welfare of Japan (MHLW) announced on 11 September 2020 that the number of employees who have been terminated (or will be terminated) from their employment in connection with the Covid-19 pandemic had reached 54,817 (including 25,334 non-regular employees). The Covid-19 pandemic continues to have a significant impact on the …

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What to do for an employer that has a suboptimal relationship with an underperforming employee but that has not fully documented the underperformance and its efforts to improve performance, while there may still be a chance that the relationship gets better?

If it could be said that the Covid-19 epidemic had any merit, it would be its unequivocal demonstration that many work activities don’t need to be performed in a workplace.

The Covid-19 pandemic has presented numerous new challenges to companies across the world, including in Norway. A number of new issues and problems had –and still have –to be assessed and addressed at a very short notice. The large volume of new temporary legislation has targeted some of the immediate issues companies were faced with. …

Continue reading “The ‘new normal’: the scope for adapting the ways we work as the Covid-19 pandemic continues”

One of the things the Covid-19 pandemic has taught us is that most work can be performed remotely. But even before worldwide lockdowns, some individuals have been using technology to replace their offices with exotic locations around the world. They are ‘digital nomads’ and their numbers have been increasing rapidly in the last couple of …

Continue reading “Digital nomads, welcome to Croatia – new regulation of foreign nationals’ residence introduced”

If you were asked to name a well-known example of a class action, the first one to spring to mind might be Hollywood’s Erin Brockovich, based on the true story of a Californian community that claimed for damages against an energy corporation for suspected groundwater contamination, and secured a multi-million-dollar settlement. Although the likes of …

Continue reading “Class actions in the UK: preparing for a changing landscape”