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Magic Circle Duo Act as UK Government Offers Businesses COVID-19 Financial Relief

Mar 25, 2020 - Legal Week
Negative Financial Results

Freshfields Bruckhaus Deringer and Slaughter and May have advised the U.K. Treasury and the Bank of England on a new financial scheme to help businesses tackle Covid-19 related disruptions to their cash flows.

The COVID-19 corporate financing facility (CCFF), which was confirmed by HM Treasury on March 17, intends to ensure that companies have the necessary funds as the coronavirus impacts their cash flows.

Under the scheme, which will operate for an initial period of 12 mont...