www.macfarlanes.com
Open in
urlscan Pro
2620:1ec:bdf::44
Public Scan
Submitted URL: https://sites-macfarlanes.vuturevx.com/e/ifecorjbjivqpw/9974b816-0966-4405-a2c1-484d99a1eaeb
Effective URL: https://www.macfarlanes.com/what-we-think/covid-19/
Submission: On January 20 via api from CH — Scanned from GB
Effective URL: https://www.macfarlanes.com/what-we-think/covid-19/
Submission: On January 20 via api from CH — Scanned from GB
Form analysis 1 forms found in the DOM
<form id="site-search" class="site-search__form site-search__form--hidden" action="">
<label for="site-search-block" class="hide-Label">Site Search</label>
<input id="site-search-block" class="site-search__input" type="text" name="" value="" placeholder="Search" data-site-search-input="">
<button form="site-search" class="site-search__submit" type="submit" name="button">Search</button>
</form>Text Content
Skip to Content
Search
* Who we are
* About us
* People
* Inclusion and community
* What we do
Our clients
* Alternative asset fund managers
* Banks and alternative lenders
* Credit funds
* Executives and business leaders
* Institutional asset managers
* Private clients and family offices
* Private companies
* Private equity sponsors
* Public companies
* Real estate investors and developers
Topical issues
* Brexit
* Environmental, social and governance
* LIBOR transition
* Public policy
* UK asset holding company regime
Our services
* See all services
* What we think
By content type
* In depth articles
* Quick reads
* Podcasts
By service
* Commercial, brands, IP and IT
* Competition/antitrust
* Construction and engineering
* Corporate and M&A
* Derivatives and trading
* Employment
* Finance
* Financial services regulation
* Insurance
* Investment management
* Lawtech
* Litigation and dispute resolution
* Pensions and pensions de-risking
By service
* Private client
* Private equity
* Real estate
* Restructuring and insolvency
* Reward
* Tax
* All services
By client
* All clients
* Join us
* Lawyers
* Trainee solicitors
* Paralegals
* Business services
* Our culture
* Meet our people
Back
* Who we are
* About us
* People
* Inclusion and community
* What we do
Our clients
* Alternative asset fund managers
* Banks and alternative lenders
* Credit funds
* Executives and business leaders
* Institutional asset managers
* Private clients and family offices
* Private companies
* Private equity sponsors
* Public companies
* Real estate investors and developers
Topical issues
* Brexit
* Environmental, social and governance
* LIBOR transition
* Public policy
* UK asset holding company regime
Our services
* See all services
* What we think
By content type
* In depth articles
* Quick reads
* Podcasts
By service
* Commercial, brands, IP and IT
* Competition/antitrust
* Construction and engineering
* Corporate and M&A
* Derivatives and trading
* Employment
* Finance
* Financial services regulation
* Insurance
* Investment management
* Lawtech
* Litigation and dispute resolution
* Pensions and pensions de-risking
* Private client
* Private equity
* Real estate
* Restructuring and insolvency
* Reward
* Tax
* All services
By client
* All clients
* Join us
* Lawyers
* Trainee solicitors
* Paralegals
* Business services
* Our culture
* Meet our people
* Inclusion and community
* Alumni
* Recent news
* Contact us
Topical issues Brexit Environmental, social and governance LIBOR transition
Public policy UK asset holding company regime
More Menu Close
Site Search Search
1. Home
2. What we think
3. Covid-19
COVID-19
We have brought together on this site insights from our lawyers covering a range
of issues. This site will be updated regularly as the situation evolves. We have
spoken with many of you, but if there are questions you have, please do not
hesitate to contact us.
The Covid-19 pandemic is an unprecedented and fast-moving situation. The
challenges we face nationally, as well as individually and within our families
and communities, are immense.
As a firm, our focus continues to be on the health and wellbeing of our people
and on making sure that we can continue to service the needs of our clients to
our usual standards and we will support our clients through these. It is vital
that all our responses are proportionate and responsible. As you would expect
our decisions are informed by government guidance and feedback from the market.
Open communication is vital so we are always be pleased to hear from you. We
will do our best to keep you abreast of the fast moving developments and provide
you with relevant advice and recommendations.
* Share
*
*
*
*
FEATURED ARTICLES
Extended furlough: new guidance and formal rules now published – important
update
Last week saw the publication of three different sets of guidance on the
extended furlough scheme – the Coronavirus Job Retention Scheme or CJRS. They
have now been supplemented this morning by the formal rules governing how the
scheme will run until 31 January.
Read more
Bridging the value gap
Last week Jessica Adam, a partner in our corporate and M&A team, was joined by
Harry Bourne, from the investment banking group at Jefferies, to discuss
bridging pricing expectations between buyers and sellers.
Read more
Enforcing security in a depressed property market
As many businesses now face another phase of closures, we are seeing borrowers
and lenders reconsidering and restructuring their finance arrangements.
Read more
1.
2.
3.
IN DEPTH
RESTRICTIONS ON WINDING-UP PETITIONS: BEGINNING OF THE END
Simon Beale, Timothy Bromley-White 15 Sep 2021
Despite the economic disruption of Covid-19 and resulting lockdowns, the number
of formal insolvencies has been remarkably low.
Read more
COVID-19: STEP 4 UPDATE FOR EMPLOYERS
Hayley Robinson, Seán Lavin, Matthew Ramsey 14 Jul 2021
The Prime Minister confirmed on 12 July that England will go ahead with the
planned relaxation of rules on social distancing when the current restrictions
end on 19 July.
Read more
PLANNING A WAY OUT OF LOCKDOWN – THE UK’S NEW RESTRUCTURING PROCEDURE AND ITS
APPLICABILITY TO THE MID-MARKET
Paul Keddie, Jat Bains, Simon Beale 24 May 2021
Looking back through the haze of Zoom meetings, online exercise classes, Amazon
deliveries and failed pledges at self-improvement (“I will definitely learn the
guitar/French/how to...
Read more
* 1
* 2
* 3
* …
* Next
QUICK READS
Britannia’s tax collectors rule the waves?
Damiano Sogaro, Charishma Bhujohory
8 Jul 2021
Her Majesty’s Revenue and Customs (HMRC) maintained that no additional UK value
added tax (VAT) would be payable by owners of pleasure...
Continuing Covid travel restrictions and the Schengen rule may well mean that
[30 June 2022] is still not enough time for those who wish...
The Government rejects publishing a long-term tax strategy
Paul Hardwick
11 Jun 2021
Back in March I wrote about the Treasury Committee’s report entitled Tax after
Coronavirus which considered, amongst other things, a...
whilst the Government appreciates the Committee’s detailed analysis and
engagement on tax policy, I note that the balance of...
The OECD sets its sights on inherited wealth
Michael Shaw
17 May 2021
There has been public debate over using wealth taxes as a way to fund the
massive government spending during the Covid-19 pandemic. But...
Wealth inequality has become an increasingly prominent topic in recent years.
Wealth is highly concentrated at the top of the...
Covid-19 related amendments to the EU securitisation regulation and ESAs opinion
on its jurisdictional scope
Ryan Moore, Edward Karsten, Richard Fletcher, Jamie Macpherson
7 Apr 2021
Covid-19 related amendments to the EU Securitisation Regulation
The European Parliament and the Council of the European adopted Regulation...
UK introduces tighter travel restrictions to combat new Covid-19 variants
Tom Marsom
18 Jan 2021
UPDATE: From 15 February 2021, new guidance is in effect - please see our
updated note here: Covid-19 UK travel restrictions and...
UK to close all travel corridors from Monday to halt virus variants
Supreme Court judgment concludes FCA business interruption test case - FCA
reports that more policyholders will have valid claims
Alexander Cibulskis
15 Jan 2021
Today the Supreme Court handed down its judgment in the FCA's Business
Interruption (BI) test case.
The judgment substantially upholds the...
"Our aim throughout this test case has been to get clarity for as wide a range
of parties as possible, as quickly as possible, and...
What do the new tiers now mean for office working?
Matthew Ramsey, Sean Lavin
3 Dec 2020
As readers will know, on Tuesday this week Parliament approved Regulations
establishing a new three-tier framework to replace the second...
Objective: Office workers should work from home if they can. Employers should
ensure workplaces are safe for anyone who cannot work from...
Second suspension of wrongful trading
Timothy Bromley-White
26 Nov 2020
The government has once again suspended wrongful trading, this time until 30
April 2021. The government had previously suspended wrongful...
directors should not interpret the suspension of wrongful trading as giving them
carte blanche if their company is in financial distress
What the spending review means for the future of UK tax
David Gauke
25 Nov 2020
As expected, today’s statement by the Chancellor of the Exchequer setting out
his spending plans for the next year did not specifically...
UK borrowing is due to hit a peacetime record of £394bn this year as the
government grapples with the cost of the coronavirus pandemic,...
A little less conversation, a little more action
Lucy Urwin, Rhian Edwards
24 Nov 2020
Once again, Covid-19 has demonstrated its ability to affect issues seemingly
entirely removed from the auspices of a health crisis. In...
"No compensation plan will be left unchanged by Covid-19"
Bridging the value gap
Kathryn Jarvis
19 Nov 2020
Last week Jessica Adam, a partner in our corporate and M&A team, was joined by
Harry Bourne, from the investment banking group at...
Extended furlough: new guidance and formal rules now published – important
update
Matthew Ramsey
16 Nov 2020
Last week saw the publication of three different sets of guidance on the
extended furlough scheme – the Coronavirus Job Retention Scheme...
Claim for some of your employee’s wages if you have put them on furlough or
flexible furlough because of coronavirus (COVID-19).
Britannia’s tax collectors rule the waves?
Damiano Sogaro, Charishma Bhujohory
8 Jul 2021
Her Majesty’s Revenue and Customs (HMRC) maintained that no additional UK value
added tax (VAT) would be payable by...
Continuing Covid travel restrictions and the Schengen rule may well mean that
[30 June 2022] is still not enough time for those who wish...
The Government rejects publishing a long-term tax strategy
Paul Hardwick
11 Jun 2021
Back in March I wrote about the Treasury Committee’s report entitled Tax after
Coronavirus which considered,...
whilst the Government appreciates the Committee’s detailed analysis and
engagement on tax policy, I note that the balance of...
The OECD sets its sights on inherited wealth
Michael Shaw
17 May 2021
There has been public debate over using wealth taxes as a way to fund the
massive government spending during the...
Wealth inequality has become an increasingly prominent topic in recent years.
Wealth is highly concentrated at the top of the...
Covid-19 related amendments to the EU securitisation regulation and ESAs opinion
on its jurisdictional scope
Ryan Moore, Edward Karsten, Richard Fletcher, Jamie Macpherson
7 Apr 2021
Covid-19 related amendments to the EU Securitisation Regulation
The European Parliament and the Council...
UK introduces tighter travel restrictions to combat new Covid-19 variants
Tom Marsom
18 Jan 2021
UPDATE: From 15 February 2021, new guidance is in effect - please see our
updated note here: Covid-19 UK travel restrictions...
UK to close all travel corridors from Monday to halt virus variants
Supreme Court judgment concludes FCA business interruption test case - FCA
reports that more policyholders will have valid claims
Alexander Cibulskis
15 Jan 2021
Today the Supreme Court handed down its judgment in the FCA's Business
Interruption (BI) test case.
The judgment...
"Our aim throughout this test case has been to get clarity for as wide a range
of parties as possible, as quickly as possible, and...
What do the new tiers now mean for office working?
Matthew Ramsey, Sean Lavin
3 Dec 2020
As readers will know, on Tuesday this week Parliament approved Regulations
establishing a new three-tier framework to...
Objective: Office workers should work from home if they can. Employers should
ensure workplaces are safe for anyone who cannot work from...
Second suspension of wrongful trading
Timothy Bromley-White
26 Nov 2020
The government has once again suspended wrongful trading, this time until 30
April 2021. The government had previously...
directors should not interpret the suspension of wrongful trading as giving them
carte blanche if their company is in financial distress
What the spending review means for the future of UK tax
David Gauke
25 Nov 2020
As expected, today’s statement by the Chancellor of the Exchequer setting out
his spending plans for the next year did...
UK borrowing is due to hit a peacetime record of £394bn this year as the
government grapples with the cost of the coronavirus pandemic,...
A little less conversation, a little more action
Lucy Urwin, Rhian Edwards
24 Nov 2020
Once again, Covid-19 has demonstrated its ability to affect issues seemingly
entirely removed from the auspices of a...
"No compensation plan will be left unchanged by Covid-19"
Bridging the value gap
Kathryn Jarvis
19 Nov 2020
Last week Jessica Adam, a partner in our corporate and M&A team, was joined by
Harry Bourne, from the investment...
Extended furlough: new guidance and formal rules now published – important
update
Matthew Ramsey
16 Nov 2020
Last week saw the publication of three different sets of guidance on the
extended furlough scheme – the Coronavirus Job...
Claim for some of your employee’s wages if you have put them on furlough or
flexible furlough because of coronavirus (COVID-19).
View next 5
See all Quick reads
TRENDING THEMES
Commercial relationships and managing risk
Covid-19 coverage: insurance implications of the latest government guidance
Covid-19: FCA publishes expectations for general insurance firms on customer
treatment
Socially distanced contracts that aren’t distance contracts
Force majeure and frustration in the context of Covid-19
Signing and witnessing in the time of Covid-19
Covid-19 coverage: insurance implications of the lockdown
Covid-19: FCA estimates that most business interruption insurance provides no
pandemic cover but urges insurer flexibility on claim payments
Covid-19: force majeure clauses and frustration of contract webinar
Finance and investment
Under the spotlight: EU action against money laundering in the banking sector
Still friends? FCA launches investigation into Amigo Loans
AML enforcement: the FCA impose a significant fine on Commerzbank for AML
failings
Time for UK fintech regulation to climb out of the sandbox and grow up - nicely
Brexit: TPR notification window will re-open on 30 September 2020
ESMA publishes final report on securitisation repository data guidelines
FCA powers for LIBOR transition: firms beware
Green shoots of ESG-linked lending appearing in fund financing
Issues for financial intermediaries on equity capital markets transactions in
the present environment
Implications for finance documents
LIBOR transition in the midst of Covid-19
Equity fundraising by public companies in a financial crisis
Socially acceptable behaviour in the loan markets - ESG in action
UK authorised funds and Covid-19: putting investors' interests first
Investment management update - 8 April 2020
Covid-19: new FCA guidance on consumer credit and the implications for ABS and
specialty finance
Market instability: should you suspend NAV calculation?
Luxembourg funds: weekly reporting to the CSSF to start from 22 April
Covid-19: considerations for private fund managers
UK-Swiss statement on co-operation in financial services
Financing support during Covid-19 disruption
FCA delivers update on Covid-19 business interruption test case
Covid-19: FCA updates and extends guidance for mortgage firms
AIFMD review: delegation, NPPRs and asset-stripping
Bridging the value gap
Governance, regulation and compliance
Incoming President of global money laundering body sets out priorities for new
term
More time needed: SFO granted another extension to seize London properties
UK Government acts “without fear or favour” to introduce new human rights
sanctions, effective immediately
The SFO gets agreement in principle for its eighth DPA
Dirty money should have nowhere to hide: the EU’s continued emphasis on the
fight against money laundering
Furlough fraud: HMRC makes its first arrest
Change in emphasis: the government’s roadmap for easing the lockdown
The FCA and Covid-19 preparedness
Short-selling bans and calculating short selling positions
EU restricts exports of safety equipment due to Covid-19
Telephone recording and Covid-19: some relief for FCA authorised firms?
Will Covid-19 unwind global sanctions regimes? UN calls for change
Initial margin – industry calls for delay in compliance dates for Phases 5 and 6
SFTR reporting update – regulatory forbearance for backloading obligation for
all phases
Rescues of companies in serious financial difficulty and dispensations under the
Takeover Code
The impact of Covid-19 on competition law
Coronavirus has made AGMs much, much harder
Corporate law update: 3 April 2020
Initial margin - delayed
Corporate law update: 17 April 2020
The Coronavirus Act 20-19-2021: criminal law consequences
Covid-19: warning - cybercrime and fraud are on the rise
Who knew? Company directors may soon be jointly liable for furlough fraud
To test or not to test: considerations for offering antibody tests to employees.
HMRC relax ADR policy following tribunal statement
Co-ordinated global anti-corruption settlements
Unexplained Wealth Orders: NCA set to continue use of UWOs despite recent
setbacks
The Council of the EU calls for greater financial crime powers
Russian courts and the exclusive jurisdiction over sanctions related disputes
U-Double-No: the NCA has been denied the chance to appeal their first UWO defeat
People
Not out of options: EMI working time requirements relaxed in relation to
Covid-19
Coronavirus update – Chancellor announces innovative "kickstart" to the
post-Covid economy
Managing the return: key issues for employers
IR35 reform delayed
Covid-19: furlough and lay-off
Employment FAQs
Covid-19 and immigration
Emergency volunteer leave and the pensions impact
Covid-19 and immigration: Home Office temporarily relaxes right to work check
procedure
Covid-19: immigration and nationality applications
Covid-19 presents difficult decisions for remuneration committees
Directors - furlough, but don’t forget
Covid-19: The Pension Regulator's advice for employers
Covid-19 and Tier 1 (Investor) porfolios
In case you had forgotten: the UK is still due to leave the EU on 31 December
2020
Covid-19: key decisions for remuneration committees
Coronavirus Job Retention Scheme goes live – practical tips for employers
Auto-enrolment under Covid-19
Private clients, trusts and charities
Remote witnessing of wills in England and Wales to be made legal
The UK statutory residence test and “exceptional circumstances”
Covid-19 lockdown: an additional concern for UK non-residents?
Signing wills and codicils during the Covid-19 pandemic
New guidance on individual tax residence during Covid-19
Covid-19 and charities: key questions and answers
Time-limited, niche relaxation of statutory residence test
Covid-19 and the UK statutory residence test
Issues for trustees during Covid-19
Real estate and construction
Shedding preconceptions: logistics stakes claim for major role in post-Covid
real estate market
Landlords, tenants and funders – top tips to get through 2020 together
Future-proofing development in the wake of Covid-19
Roadmap to Recovery – what next for the construction industry?
Restrictions on landlords' enforcement for non-payment of rent during the
Covid-19 crisis
Coronavirus Act: residential tenancies and protection from eviction
Section 82 of the Coronavirus Act 2020: The thin end of the wedge?
Should construction sites remain open?
The future of commercial real estate after Covid-19
Updated Site Operating Procedures provide additional guidance on 2 metre
distancing in construction
Covid-19: an insight into the impact on the hotel industry
Covid-19: property industry bodies call for rent support
The future of the office
Restructuring and insolvency
Covid-19 proposed changes to UK insolvency laws
Tax
Not out of options: EMI working time requirements relaxed in relation to
Covid-19
Deferral of DAC6 regime: UK on board
Covid-19: tax related policies
Corporate residence in light of Covid-19
Covid-19: Instead of new arrangements for stamp duty, why not abolish it
altogether?
Covid-19 and company tax residence: HMRC and the OECD speak up
Covid-19: Implications for tax investigations and disputes
Tax and the green recovery from Covid-19
Capital gains tax: all change?
Paying for the pandemic
Working from (a holiday) home: tax challenges from the "new normal"
See all contacts
SEBASTIAN PRICHARD JONES
Senior partner
+44 (0)20 7849 2829 Email Sebastian
DAVID GAUKE
Head of public policy
+44 (0)20 7831 9222 Email David
SIMON PERRY
Partner
+44 (0)20 7849 2207 Email Simon
* Share
*
*
*
*
Last year our work involved over 75 jurisdictions. REFRESH
* Twitter
* LinkedIn
* Rss
* Accessibility
* Privacy policy
* Legal and regulatory
* Price transparency
* Illegal use of our name
All content © 2022 Macfarlanes LLP. All rights reserved.
THIS WEBSITE USES COOKIES
We use cookies to offer you a better browsing experience. Cookies enhance site
navigation, analyse site usage, and assist in our marketing efforts.
To understand more about how we use cookies or to change your cookie
preferences, click on “Show settings”. By clicking “Accept cookies,” you agree
to the storing of cookies on your device.
Accept all cookies Show settings
Your choices regarding cookies on this site
Your privacy
When you visit any website, it may store or retrieve information on your
browser, mostly in the form of cookies. This information might be about you,
your preferences or your device and is mostly used to make the site work as you
expect it to. The information does not usually directly identify you, but it can
give you a more personalised web experience.
Because we respect your right to privacy, below you will find descriptions on
the types of cookies used on this site and options to opt out where preferred.
Please note blocking some types of cookies may impact your experience of the
site and the services we are able to offer.
Strictly necessary cookies
These cookies are necessary for the website to function and cannot be switched
off in our systems. They are usually only set in response to actions made by you
which amount to a request for services, such as setting your privacy
preferences, logging in or filling in forms.
You can set your browser to block or alert you about these cookies, but some
parts of the site will not then work. These cookies do not store any personally
identifiable information.
Performance cookies
These cookies allow us to count visits and traffic sources so we can measure and
improve the performance of our site. They help us to know which pages are the
most and least popular and see how visitors move around the site.
All information these cookies collect is aggregated and therefore anonymous. If
you do not allow these cookies we will not know when you have visited our site,
and will not be able to monitor its performance.
Privacy policy
Accept all cookies Save settings