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The impact of coronavirus on your business

The impact of coronavirus on your business

The imposition of restrictions on movement, the enforcement of periods of self-isolation and the potential forced closure of schools, offices and other public places, all have a dramatic impact on the ability of people to go about their daily lives.

This series of webinars will run each day throughout the week, with the first beginning Monday 16 March 2020. Register to each webinar session below:

Impact on workforces – Jon Heuvel, Partner
Monday 16 March 2020 – 12:30pm

Employers face a difficult balancing exercise – they need to ensure that it is “business as usual” as much as possible, but at the same time, they have a duty of care to protect the health and safety of their workforce, and have to heed the advice from the medical profession and from the authorities. We will provide advice and guidance on how best to deal with employees forced to self-isolate, consider what pay employees may be entitled to receive, explore the options for employers where there is a significant reduction in work generally, and consider some of the issues arising from home/remote working.

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Invoking force majeure – Matthew Sutton, Partner
Tuesday 17 March 2020 – 12:30pm
Businesses facing difficulties in meeting their contractual obligations because of disruption caused by the coronavirus should consider invoking the force majeure provisions in their contracts. We will look at whether force majeure can be invoked and how this might help, the steps that need to be taken to benefit from the protection afforded by a force majeure provision, and whether force majeure offers an opportunity to mitigate business risk arising from the spread of coronavirus and the consequences of invoking this protection.

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Business leases – Justine Ball, Legal Director
Wednesday 18 March 2020 – 12:30pm

Landlord and tenants are paying close attention to how the continuing spread of coronavirus over the coming months may affect their leased premises. Landlords and tenants should be aware of the parameters of their leases to see if they can minimise the impact of necessary restrictions on their businesses. The impact and the risks will differ if you’re a landlord or tenant so we’ll look at issues relating to both such as service charge, security, insurance, force majeure, frustration, breach of quiet enjoyment etc, and how some of the lease provisions could help/hinder these.

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Minimising financial risk to business – Sean Moran, Partner
Thursday 19 March 2020 – 12:30pm

The coronavirus outbreak has increased pressures on businesses already struggling with uncertainties over Brexit, global trade and growth concerns. Companies in all sectors are likely to suffer negative financial effects on first-quarter revenues with airlines, as well as businesses in the travel and leisure sphere particularly affected. Business owners and directors should be aware of the variation to their duties at times of financial distress, specifically taking account of creditors’ interests and should take early advice from insolvency and restructuring specialists. We will look at the key steps businesses can take to reduce financial risk.

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Is coronavirus affecting your banking arrangements? – NEW updated speaker: Christopher von Strandmann, Partner
Friday 20 March 2020 – 12:30pm

Does your businesses need to consider its current banking arrangements? Working capital, cash flow and additional stock, overdraft facilities and covenants are all subjects that need careful management – even more so with the current coronavirus having such an impact on businesses. We’ll take a look at what you should do, how you should plan and what steps you can take to protect your business in these challenging and changing times.

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For more information about these webinar series, please contact the events team.

All the latest views and insights on coronavirus.