Winds of change blow through UK insolvency law.
The Act borrows restructuring concepts from the United States, aimed at rescuing struggling businesses.
The new measures include a new moratorium to give companies...more
The UK Government has announced an unprecedented raft of measures designed to support UK workers and businesses through the COVID-19 pandemic.
The UK government’s economic response to the crisis has been substantial and...more
Certain “non-essential” businesses have been asked to close for a period of at least three weeks.
Individuals have been told to stay at home except in a few limited circumstances, which includes work that absolutely cannot...more
On 17 March 2020, the UK government announced a rescue package worth £330 billion to assist businesses struggling with the ‘economic emergency’ caused by the coronavirus pandemic in the UK. These measures, outlined by the...more
COVID-19 calls for review and management of the entire chain, including but not limited to suppliers and customers.
In times of uncertainty, every enterprise should undertake a stress test of its supply chain and manage...more
3/10/2020
/ Best Practices ,
China ,
Contract Terms ,
Coronavirus/COVID-19 ,
Emergency Management Plans ,
Force Majeure Clause ,
Foreign Commerce ,
Imports ,
Infectious Diseases ,
Performance Standards ,
Public Health ,
Risk Management ,
Suppliers ,
Supply Chain ,
Supply Contracts ,
Uniform Commercial Code (UCC)
- Under English law, force majeure clauses in contracts may allow parties to avoid their performance obligations in certain extreme circumstances, as defined by the contract.
- It is unlikely that a low demand for LNG in...more
2/20/2020
/ China ,
Commercial Contracts ,
Contract Terms ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Energy Sector ,
Exports ,
Force Majeure Clause ,
Imports ,
Infectious Diseases ,
Liquid Natural Gas ,
Manufacturers ,
Oil & Gas ,
Public Health ,
Suppliers ,
Supply Chain