This article examines the UK Supreme Court’s decision on the coverage provided by Business Interruption insurance policies in relation to losses arising out of the Covid-19 pandemic and resulting government measures.
With a powerful mix of technical expertise and industry experience we help players across this sector find the right balance of risk and reward.
From our long experience of advising clients around the world, we know that the hotel and leisure industry is becoming both more sophisticated and more challenging. Having worked for (and against) major global brands, we understand the key legal and commercial concerns for the sector, including those that relate to airlines, cruise lines, restaurants, bars and nightclubs.
We advise on acquisitions and investments, management and franchise agreements, and sales of hotel and resort projects in jurisdictions throughout the world. Our clients include investors, developers, brands and property owners, franchisees, funders and consultants, with interests that span the asset class from provincial hotels in the UK, to serviced apartments in European cities, to luxury five star resorts in Asia.
Our multi‑disciplinary legal team draws on specialist experience from our colleagues in areas such as corporate, commercial, real estate, planning, construction, and finance to proactively offer relevant and timely advice. Through our depth of experience in the sector, we are expert in understanding what is ‘market’ and identifying specific concerns that might arise for interested parties.
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The comprehensive reform of German restructuring and insolvency law implements the European Restructuring Directive but also makes further important changes to the insolvency law.
This article details the upcoming transition away from LIBOR and towards other risk-free benchmark rates across multiple currencies, looking in particular at SONIA and SOFR.