This Practice Note summarises the new capital markets recovery package of measures proposed by the European Commission in July 2020 to address the impact of the coronavirus (COVID-19) pandemic. The package makes targeted amendments to the EU Prospectus Regulation (EU) 2017/1129, the Markets in Financial Instruments Directive 2014/65/EU (EU MiFID II), the EU Securitisation Regulation (EU) 2017/2402 (OJ L 347 28.12.2017 p 35), and the Capital Requirements Regulation (EU) 575/2013 (EU CRR), with the aim of enabling capital markets to more easily support European businesses in recovering from the crisis caused by coronavirus. Background to the capital markets recovery package On 24 July 2020, the European Commission adopted a capital markets recovery package as part of its overall coronavirus (COVID-19) recovery strategy. The Commission had already proposed a targeted banking package in April 2020 to facilitate lending to households and businesses throughout the EU (for more information, see Practice Note: Coronavirus (COVID-19)—targeted EU banking package). The capital markets recovery package is intended to make it easier for capital markets to help businesses in the

Law360: A Lloyd's of London syndicate has sued several underwriters and insurance companies for at least US$90m to recover losses it claimed it incurred when the coronavirus (COVID-19) pandemic shuttered venues across the US and UK.

Law360, London: The owner of a portfolio of hotel companies has sued its insurance broker for allegedly failing to arrange adequate cover that would have protected the businesses from losses incurred during the coronavirus (COVID-19) pandemic.

ARCHIVED: This archived Practice Note provides a summary of selected employment cases on coronavirus (COVID-19) matters that have come to the attention of the Lexis+® UK Employment team, intended to give a flavour of the types of cases that are being heard and an indication of the approach being taken by tribunals and at an appellate level. It is not an exhaustive list of all pertinent cases. Note that employment tribunal decisions are first instance decisions that are not binding on other tribunals. As tribunals will assess cases based on the prevailing pandemic conditions and the guidance in place at the relevant time, cases on similar facts to those noted below could be decided differently if they were before a tribunal now. For cases that are appealed, see Practice Note: Case tracker—Employment. The legal context For general information on the issues facing employers in relation to coronavirus, see Practice Notes: • Health and safety—protection from detriment and dismissal • Living with coronavirus (COVID-19) in the workplace from 24 February

Where a person resident in the UK dies abroad, the British Consulate in the jurisdiction will usually liaise with the next of kin if they have been informed of the death by the local authorities. However, the next of kin may be informed beforehand, if they were with the deceased or if the deceased was part of a package holiday tour or similar and had provided details to the next of kin. In such circumstances, government guidance states that the next of kin should contact the Foreign and Commonwealth Office who will liaise with the Consulate in the relevant jurisdiction. The death needs to be registered abroad in accordance with local laws

Law360: More than a hundred unvaccinated care home workers fired during the COVID-19 pandemic have failed to convince the Employment Appeal Tribunal (EAT) that they should be able to sue the government for discrimination alongside their former employers.

Energy Analysis: Judith Aldersey-Williams, partner at CMS, discusses what the combination of the coronavirus (Covid-19) pandemic and the recent crash in oil price means for the North Sea oil and gas industry.

A round-up of EU competition law developments, including the General Court’s judgment dismissing Ryanair’s action against the Commission’s readopted decision approving rescue aid to TAP SGPS in the context of the COVID-19 pandemic.

Law360: Some £1.84bn (US$2.32bn) of UK government-backed coronavirus (COVID-19) loans granted to help businesses through the pandemic are suspected to be fraudulent, the Department for Business and Trade (DBT) said 29 February 2024.

Law360, London: A London appeals judge has dismissed an insurance claims adjustor's case that his employer's policy on mask-wearing during the coronavirus (COVID-19) pandemic was discriminatory because of his belief in 'bodily autonomy'.

Law360, London: The UK Supreme Court has agreed to hear an appeal in a controversial case in which insurers effectively pocketed state subsidies intended for businesses during the coronavirus (COVID–19) pandemic.

Law360, London: A steakhouse restaurant chain has reached a settlement with its insurer in a multimillion-pound dispute over its business interruption policies in connection with the national lockdowns imposed during the coronavirus (COVID-19) pandemic.