Page 6 - Layout 1

News
Government implements business disruption scheme
HM Government of Gibraltar announced in July, the start of its Gibraltar Business Loan Disruption Guarantee Scheme, following the European Commission’s approval.
The scheme is available through Gibraltar International Bank, Royal Bank of Scotland International (Gibraltar) and the Trusted Novus Bank. Each bank has up to £10 million, which potentially could release up to £30 million to local businesses. Under the scheme, each
individual business is capped at a maximum borrowing of £500,000.
It has been designed to provide finance to qualifying businesses that have been disrupted by the Covid-19 pandemic, and is targeted at small and medium sized enterprises.
The government encourages any business seeking to participate in the scheme to contact their local bank for further information.
Chief Minister, Fabian Picardo stated: “I am proud to have delivered on yet another mechanism that will assist local businesses. We have been fortunate in how we have weathered the pandemic”.
easyJet resumes flights to Gibraltar
At the end of July, easyJet resumed limited flights to Gibraltar from London Gatwick and Manchester, since the airline grounded its entire fleet of aircraft in March, due to the Coronavirus pandemic. The Minister for Tourism, Vijay Daryanani, commented in July: “I’m delighted that easyJet will resume some flying to Gibraltar on 20th July from Manchester and from London Gatwick on 25th July. We are very pleased to welcome the airline back to the Rock, along with all its customers and look forward to further flying resuming throughout the summer.”
6
Gibraltar International
www.gibraltarinternational.com
Gibraltar Airport adopts new Covid-19 measures
Gibraltar International Airport adopted a series of new measures in mid July, as part of its guidance to protect travellers and staff, in line with other airports around the world.
The airport announced that it would shortly be introducing further measures and issuing a ‘Guidance for Travellers’
Information Sheet to assist passengers in planning their journeys, so as to know what to expect when catching a flight.
Passengers departing Gibraltar will have to wear a face mask/covering when
they enter the terminal. The elderly and those in the ‘vulnerable’ category will have their own security area, separate from the main queues. There will be limited areas for ‘Meeters and Greeters’ where the recommendation is that arriving passengers are met outside the terminal.
Gibraltar Airport will continue working to ensure the safety of passengers and staff and will follow
any guidelines, recommendations and directives, to keep flying from Gibraltar as positive an experience as possible.
Top tier rankings
for Isolas
Law firm Isolas LLP received the top ranking in the newly published 2020 Chambers and Partners High Net Worth Guide, with Band 1 practitioner status for Senior Partner, Peter Isola.
The highly respected legal directory, ranks law firms and their lawyers based on client feedback.
The guide is used by family offices and professional advisers to wealthy individuals, providing objective guidance on an international scale. Marcus Killick, Isolas CEO, said: “Gibraltar remains a leading location of choice for High Net Worth Individuals, thanks to the jurisdiction’s robust, but flexible legislation”.