COVID-19 is dominating not only our personal lives but also our professional ones, with measures being taken by governments around the world that severely restrict their citizens and which will fundamentally impact businesses. A crisis on this scale has not been seen by this or the previous generation.
The impact of recent events is hitting companies in every industry and jurisdiction. As companies take drastic action to manage their outgoings, carve out liquidity and preserve cash, directors of companies can expect a number of issues to arise and to which they will need to react quickly.
Whilst there are no magic bullets or standard answers to the environment within which we suddenly find ourselves, there are common themes and areas that directors are likely to need to consider in times of distress. The Restructuring team globally is market leading and has decades of experience in supporting corporates, lenders and other stakeholders in difficult times.