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COVID-19 Pandemic: Key UK Government and Bank of England Initiatives to Support Businesses

Client memorandum | May 13, 2020

On March 30, 2020, Fried Frank published a memorandum titled “COVID-19 Pandemic: Key UK Government and Bank of England Initiatives to Support Businesses” and published an update to this memorandum on April 15, 2020. In light of the rapidly developing situation and UK Government response, this further update to the memorandum includes the latest guidance provided by the UK Government on the key initiatives and measures that have been introduced by the UK Government and the Bank of England in response to the COVID-19 pandemic to support UK businesses as of May 12, 2020, including: (A) employment retention initiatives; (B) lending programs; (C) grants; (D) tax measures; (E) other measures to support the flow of credit; and (F) proposed changes to UK insolvency laws.

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