Employee Benefits 15th January 2021 12:14 pm 15th January 2021 12:16 pm
The mental and physical health of your employees – let’s call it employee wellbeing – has never been more important.
Even as long ago as 2006, the UK Companies Act added more weight to the concept of responsible corporate behaviour into its provisions through the idea of ‘enlightened shareholder value’. Since then, and with the changes in attitude brought about by the pandemic, society’s expectations of responsible corporate behaviour has sharpened and is pointing squarely in the direction of the regard companies and employers must have for the interests of employees.
Here, we are going to highlight why supporting employee health within your workplace is so vital, and provide you with some actionable tips to implementing wellbeing initiatives in the workplace – whether this is in a home or office environment.
The financial impact of the COVID-19 pandemic has put pressure on a wide range of structures and, as a result, lenders, borrowers and other counterparties are looking more closely at the impact of possible insolvency proceedings. As Jersey entities are often used in cross-border finance transactions, it is important to be aware of the differences between Jersey and English insolvency procedures for companies, trusts and limited partnerships.
What are the main Jersey insolvency procedures for a Jersey company?
The main Jersey insolvency procedures for a Jersey company are:
a creditors winding up under the Companies (Jersey) Law 1991 (the Companies Law). This is commenced by a special resolution of the shareholders. The procedure is broadly similar to a creditors voluntary winding up under the UK Insolvency Act 1986; and
HSBC Holdings plc: Notice of Redemption
(the Preference Shares )
HSBC Holdings plc has given notice of redemption and cancellation (the
Redemption Notice ) to The Bank of New York Mellon (formerly, The Bank of New York) (the
Depositary ), as the holder of the Issuer s Preference Shares represented by the ADSs (ADS CUSIP: 404280604; ADS ISIN: US4042806046).
The ADSs were issued pursuant to the Deposit Agreement, dated 6 December 2002, among the Issuer, the Depositary, and all Holders and Beneficial Owners from time to time of the Receipts issued thereunder (the
Deposit Agreement ). Capitalised terms used herein and not defined herein shall have the respective meanings ascribed to such terms in the Deposit Agreement.
The financial impact of the COVID-19 pandemic has put pressure on a wide range of structures and, as a result, lenders, borrowers and other counterparties are looking more closely at the impact of possible insolvency proceedings. As Jersey entities are often used in cross-border finance transactions, it is important to be aware of the differences between Jersey and English insolvency procedures for companies, trusts and limited partnerships.
What are the main Jersey insolvency procedures for a Jersey company?
The main Jersey insolvency procedures for a Jersey company are:
a creditors winding up under the Companies (Jersey) Law 1991 (the Companies Law). This is commenced by a special resolution of the shareholders. The procedure is broadly similar to a creditors voluntary winding up under the UK Insolvency Act 1986; and