As the 2019 Novel Coronavirus (COVID-19) continues to spread across the world, and governments and health authorities work tirelessly to defeat it, major economies are experiencing mounting pressure as consumer spending, production and investment are drastically curtailed due to virus-related risks.
We recognize that many of our clients are also facing significant and urgent business impact and legal challenges.
Our Baker McKenzie teams across the world are working with clients, regulators and various authorities to produce a variety of client updates and webinars to assist decision makers, including in-house legal teams, on how to navigate this incredibly challenging period.
You can access our Coronavirus Resource Center for information on the impact of this situation on your business and what you can do to manage these risks. It covers areas of immediate concerns such as employer obligations, contract issues, supply chain disruption, financing and force majeure, as well as more forward looking issues such impact on deals and IPO activity.
Coronavirus Outbreak: Global Guide to Force Majeure and International Commercial Contracts
This alert discusses force majeure and the Coronavirus impact from the perspective of English law and several of the more frequently adopted common law systems governing international commercial contracts, with an outline of several alternative remedies that may apply depending on the governing law of the relevant contracts. Read more.
Getting Ahead of the Coronavirus Outbreak: A Checklist for Multinational Employers
The Coronavirus outbreak has raised challenging issues for employers particularly those that operate in multiple locations, provide a variety of services, and employ a global workforce which travels routinely. This checklist is designed to help multinational employers revisit their preparedness protocols and re-evaluate the same for changes in locations of workforces and evolution in local laws. Read more.
EMEA Coronavirus: A Quick Guide for Employers
This guide addresses the most pressing issues employers are currently faced with in light of the Coronavirus outbreak and includes the latest updates in 19 jurisdictions across Europe, Middle East and Africa. The information in this document is presented as at 10 March 2020. Read more.
UAE Federal Transport Authority Circular No (2) of 2020 on Novel Coronavirus
The UAE and Kuwait are taking precautionary measures against the spread of the Coronavirus with the issuance of circulars to their respective port authorities. Kuwaiti authorities are prohibiting the berthing of vessels coming from China, Hong Kong, Korea, Singapore, Japan, Thailand and Italy on all Kuwaiti ports. Read the key measures the UAE Federal Transport Authority have put in place in their press release.
The situation is unprecedented and continues to evolve, and we will continue to monitor developments and provide updates as and when they arise. To discuss the business and legal implications for your company in the face of ongoing disruption, please do get in touch one of the contacts listed below.