For many UK businesses with business interruption (“BI”) insurance policies, a high priority this autumn was keeping up with a rapidly changing regime of coronavirus-related restrictions – changes which last week culminated...more
Introduction -
On 26 June 2020, the Corporate Insolvency and Governance Act 2020 (“CIGA”) came into force. CIGA is intended to relieve some pressure on businesses operating during the COVID-19 pandemic, and also to...more
On 17 March 2020, in announcing an “unprecedented” range of measures designed to support businesses through the COVID-19 pandemic, the UK Chancellor of the Exchequer, Rishi Sunak, said that “for those businesses which do have...more
On 11 March 2020, the Bank of England (the “Bank”) warned of “an economic shock that could prove sharp and large” resulting from the coronavirus outbreak that started in Wuhan, China, at the end of 2019. Presenting a package...more
3/18/2020
/ Bank of England ,
Borrowers ,
China ,
Contract Terms ,
Coronavirus/COVID-19 ,
Crisis Management ,
Debt ,
Default ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Force Majeure Clause ,
Infectious Diseases ,
Lenders ,
Negotiations ,
Prudential Regulation Authority (PRA) ,
Public Health ,
UK
The mysterious new virus first hit the headlines in late 2019, with several cases of viral pneumonia emerging in Wuhan, China. Less than three months later, the new coronavirus has infected over 116,000 people worldwide and...more
3/11/2020
/ Best Practices ,
Business Continuity Plans ,
China ,
Contract Terms ,
Coronavirus/COVID-19 ,
Crisis Management ,
Emergency Management Plans ,
Force Majeure Clause ,
Infectious Diseases ,
Investment ,
Investor Protection ,
Material Adverse Effects ,
Public Health ,
Risk Management