The guidance and rules from government have been issued and reissued several times, but still leave a number of questions unanswered so we continue to fill in some of the detail working from experience and first principles.
It appears that a significant number of actors (banks, independent managers and multi-family offices) currently lose money in all the various countries we cover in Europe, the US, Latin America and Asia.
Annual withdrawals from it, known as the structural non-oil deficit, are capped at 3% of its value, though that can be exceeded in times of economic hardship.
The effects of the coronovirus pandemic are profound, and are being felt by millions of consumers and businesses, both here in the UK and across the world.
If you are a leaseholder in a block of flats, it is likely that you can require your landlord to enforce the covenants of your neighbour’s lease against them, although your landlord is generally entitled to have its costs covered by you if they cann