Tag Archives: COVID-19

Making Rhyme or Reason out of Reopening

Most states and U.S. territories have now begun reopening at least parts of their economies.  The reopening efforts purport to follow a three-phase White House plan, even though not many states have met the plan’s benchmarks, including a “downward trajectory” in coronavirus cases.  The White House guidelines are not mandatory.  Rather, they advise governors to take … Continue Reading

Government COVID-19 Trade Credit Protections – Backstops Are Not Just For Brexit!

The announcement from HM Treasury on May 13 2020 to support trade credit insurance has to be very welcome news for many UK businesses and their supply chains.  It is a very significant announcement because trade credit insurance plays a vital role in supply chains, oiling, as it does, the wheels of domestic and global … Continue Reading

Cross-Post from the Insurance and Reinsurance Disputes Blog: Is a COVID-19 Stay-Home Order Alone Enough to Trigger Business Interruption Coverage?

This is a Cross-post from the Insurance and Reinsurance Disputes Blog.  Please contact Larry P. Schiffer and Aaron C. Garavaglia with any questions.  Back in March, when the novel coronavirus was spreading and local and state governments were issuing stay-home orders, we published a blog post on Civil Authority Orders and COVID-19 Coverage.  Since that … Continue Reading

Managing Distressed Customer Relationships

In the wake of the COVID-19 pandemic, we often are asked what our clients should do if a business counterparty (such as a vendor, customer or other contract counterparty) is suffering distress and may be contemplating filing for bankruptcy.  It is, of course, impossible to anticipate every possible scenario, but our colleagues in the Restructuring … Continue Reading

Employer’s Guide to Return-to-Work Issues: COVID-19 Public Health Emergency

The coronavirus disease 2019 (COVID-19) public health emergency has changed life as we know it, including by severely disrupting business on a nationwide scale. In some cases, employers have been forced to temporarily close their doors and cease operations, while others have had to make radical changes to the workplace in order to maintain operations. … Continue Reading

Global Supply Chains In The Wake Of COVID-19 In Socially Critical Industries – Is It Time To Reshore?

As countries, economies, and businesses adjust to life in the COVID-19 era, many governments have started to ask questions about the wisdom and longer term implications of allowing key components of socially or economically critical products like pharmaceuticals, medical devices, and defense products to be sourced beyond domestic borders. One key area of concern – … Continue Reading

Serving and Receiving Legal Notices in the Context of COVID-19 – UK

Businesses have been adopting unusual and novel practices to ensure their operations can continue during the period of the COVID-19 outbreak.  The lockdown has forced many businesses to temporarily (or in some cases permanently) close down offices and other premises, and divert attention to remote working and the utilization of workforces predominantly working from home. … Continue Reading

Considerations for Schools and Universities that Manufacture or Supply PPE

In the ultimate act of service learning, many universities and schools have shifted their focus during the COVID-19 crisis to manufacturing personal protective equipment (“PPE”) or providing PPE supplies to the local medical community and first responders. Colleges and schools across the country are using 3D printers to make masks, face shields, and ventilators. Many … Continue Reading

My Company Wants to Manufacture PPE to Protect Against COVID-19… But Are We Protected?

As COVID-19 continues to spread rapidly across the globe, we have witnessed an unprecedented amount of altruism and goodwill across the supply chain. With a dearth of hand sanitizer, ventilators, medicine, gloves, masks, and other personal protective equipment (“PPE”) that is desperately needed to combat COVID-19, numerous businesses have rallied and responded to the call … Continue Reading

CARES Act Financial Assistance to Business Enterprises, States and Municipalities

After much anticipation, the Board of Governors of the Federal Reserve (“Federal Reserve”) on April 9, 2020 announced additional actions “using its full range of authorities” to provide US$2.3 trillion of credit to a wide variety of business enterprises, States and municipalities. The Federal Reserve’s actions in support of existing and new programs, as described … Continue Reading

Coronavirus (COVID-19) Update: Trade, Supply Chain and Defense

Countries around the world continue to enact policies aimed at mitigating the spread of COVID-19 that both recognize the importance of trade to their respective economies, but also seek to address domestic demand for key goods – especially medical supplies – related to the crisis.  Similarly, some recent government policies around the world have shifted … Continue Reading

Considerations for Companies Interested in Manufacturing Hand Sanitizer to Fight Against COVID-19

As the COVID-19 pandemic continues, many businesses are manufacturing essential public health and/or medical supplies that are now in high demand.  Companies around the world—from global luxury brands like Dior and Givenchy to local distilleries throughout the United States—have been switching their alcohol-based product lines from the manufacturing of products such as perfume and spirits … Continue Reading

Accessing Financial Support – Guides for Belgian, Czech, French, Italian, Polish, Slovakian, and Spanish businesses

Our colleagues at the Restructuring GlobalView Blog have prepared guides to assist businesses in Belgium, the Czech Republic, France, Italy, Poland, Slovakia, and Spain to understand what financial support packages are available in those countries.  These guides provide a country-specific overview of the package, eligibility, how to apply, and when it will be available.  Click … Continue Reading

Webinar: Tools to Navigate the Financial Crisis Related to COVID-19

Our colleagues, Hon. John A. Boehner, Karol Denniston, Ed J. Newberry, and Stephen D. Lerner, will be joining the American Bankruptcy Institute (ABI) and FTI Consulting professionals for a webinar deciphering the most recent federal stabilization programs and developments and providing unique and practical advice for business leaders and professionals. The panel will also discuss how … Continue Reading

Coronavirus (COVID-19) Update – Legal Issues in Germany

As world leaders respond to the COVID-19 pandemic, businesses around the world have been forced to adapt.  Our colleagues in Germany, Dr. Jens Rinze, Martin H. Falke, Dr. Christian Bleschke, Tanja Weber, Dr. Andreas Fillmann, Markus Schmucker, Jörg Staudenmayer, and Siemer Krümpelmann, have prepared a comprehensive overview of the key legal issues for businesses with … Continue Reading

CARES Act – Economic Assistance to Business Enterprises, States and Municipalities & Securing Stimulus Funding for Small Businesses

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020.  The CARES Act includes a range of extensive loan and grant programs that are vital to businesses across the country, including some US$500 billion in funding for the Department of Treasury that is expected to … Continue Reading

Coronavirus (COVID-19) Update: Trade, Supply Chains and Defense

As world leaders and healthcare professionals respond to the COVID-19 pandemic, businesses around the world have been forced to adapt to new restrictions, unpredictable supply chains and a limited workforce. For medical and pharmaceutical products, demand is high and the efficient movement of inputs is critical. For many other industries, dwindling consumer demand is already … Continue Reading

Impacts to Automotive Supply Chains from COVID-19

The outbreak of COVID-19 could be the most significant event to impact the US economy in generations with the potential for ripple effects in the automotive market and supply chain for years to come. Accordingly, OEMs and suppliers from all tiers may need to rethink the supply chain model, from sourcing of raw materials to … Continue Reading

Cross-Post from The Trade Practitioner: COVID-19 Alters Global Shipping – US Senate Offers Some Economic Relief

This is a Cross-Post from The Trade Practitioner Blog.  Please contact Frank Samolis, Rory Murphy, Stacy Swanson and Ludmilla Kasulke with any questions. For additional COVID-19 related legal advice, resources by regions and sectors, and practical support, please visit our Coronavirus COVID-19 resource hub. The coronavirus’ impacts on global shipping are growing every day.  While borders around … Continue Reading

Current Economic Relief Opportunities for US Small Businesses Impacted by the COVID-19 Outbreak in the CARES Act

On March 25, 2020, the Senate passed on a bipartisan basis the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020.  With more than US$2 trillion in total relief and US$350 billion in support for small businesses, this bill, if enacted, would represent the third phase of legislation intended to help families and companies … Continue Reading

COVID-19: Italy ratchets up

What has changed? Up to now, European Governments have followed an approach to tackling Coronavirus based on three main elements:  closing down the main public interactions (retail, hospitality, sports) except those necessary for food and healthcare;  encouraging/requiring people to work remotely where they can, and to stay away from work if not essential;  and social … Continue Reading
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