Since being declared to be a Public Health Emergency of International Concern by the World Health Organisation on 30 January 2020, the coronavirus disease known as COVID-19 has spread to over 30 countries (as at the date of this alert). In addition to its tragic impact on public health, the spread of COVID-19 has led to significant and increasing negative impacts on commercial operations in China and entities doing business with Chinese companies. Some examples were set out in our alert on 18 February 2020.
We are now also being contacted by clients who are experiencing the impact of the virus and steps taken by various authorities to slow its spread on construction projects inside and outside China - which is the largest construction market in the world, a leading supplier of many construction materials used in projects around the world, and home to several construction contractors involved in substantial building projects in many countries - as well as supply chains involving China.
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