News & Publications

Key Points Joint and Several Liability Notices for Directors of Insolvent Companies HMRC Preferred Creditor Status DAC6 Updates to HMRC Guidance Relating to Company Residence and Permanent Establishments in Response to COVID-19 Updates to U.K. Anti-hybrid Rules Brexit and the U.K. as a Holding Company Jurisdiction Increasing Emphasis on Economic Substance Removal of the Cayman Islands from EU Blacklist Executive Summary During the course of 2020, the U.K. government has pushed ahead with introducing new [...]

Since filing for Chapter 11 in May 2020, Hertz and its major stakeholders have been in negotiations and, at times, disputes over how best to reduce Hertz's nearly half-a-million vehicle fleet. These negotiations and disputes have caught the eye of investors in asset-backed securities ("ABS") and market watchers alike, as the outcome of the case could have rippling effects across the ABS industry and capital markets, generally. Like many other car-rental companies, Hertz's operations are [...]

As the pandemic endures and businesses continue to struggle under restrictions and safety measures intended to control the spread, it is likely that a number of commercial and retail tenants will either threaten to file bankruptcy or actually do so in the coming months. What can you, as a building owner or manager, do to protect yourself and what can you expect if one of your tenants do so? This is an introductory and practical [...]