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Advice for Businesses in Dealing with the Expanding Coronavirus Events

Updated April 3, 2020

The expanding scope of the Coronavirus has created uncertainty and anxiety on a global scale, encompassing both public health and economic impacts. As business leaders around the world grapple with a wide range of questions, Paul Hastings is here to help.

We have established an interdisciplinary task force to advise clients on these critical concerns, in light of the evolving crisis and the continuing flow of information and issues. Please reach out to any of our lawyers listed on this page to discuss issues or concerns specific to your business.

We have also created this web hub to help our clients stay up to date on the latest insights from our lawyers, as well as other useful information and resources related to the Coronavirus. In addition, we recommend following the latest updates from the World Health Organization and the Centers for Disease Control.

Labor & Employment

Financial Regulation
& The CARES ACT




Europe

Securities & Capital Markets


 

 

Considerations for Private Equity Investors
The steps taken across the globe in an effort to contain the COVID-19 outbreak have adversely impacted, and will continue to adversely impact, businesses, capital markets, supply chains, and workforces worldwide. Although the impact of COVID-19 on global private equity activity will take some time to be fully realized, buyers, sellers and borrowers can take certain steps to protect themselves against known and unknown risks associated with the current COVID-19 outbreak.
Employment Issues
Employers face uncertainty around what they can and should do to promote the health and well-being of their workforce while navigating federal, state, and local regulations. Employers must consider ever-changing government warnings, travel restrictions (including potential exit and reentry detentions), and privacy concerns regulated by federal, state, and local laws.
Coronavirus’s Spread Could Complicate Corporate Anti-Bribery Efforts
The Wall Street Journal extensively quotes Nathaniel Edmonds on the impact of Coronavirus on anti-bribery efforts
Contracting Performance and Litigation Risk
CoVid 19 has already caused disruption of expected work flows and supply chains. Some vessels are being restricted from entry into ports or departures from ports. Suppliers and vendors are indicating delays in delivery or inability to perform. Just in Time inventory methods are under stress. Physical and financial markets are disrupted.
Public Considerations
Businesses are an integral part of their communities, and employees and management are members of communities that will be disrupted by events. Businesses should identify potential limitations or restrictions, and assure that they will be good public citizens while addressing the effect of limitations on business.
Privacy and Cybersecurity Issues
While employers and co-workers are understandably concerned about whether any individual in the workplace has been exposed or may be exposing others, health information about specific individuals is subject to important protections.
Regulatory and Corporate Governance
With the spread of the Coronavirus comes the specter of disrupted markets, volatile trading activity, and regulatory and governance implications extending far beyond the recent market corrections attributable to the epidemic. Both the SEC and the CFTC have issued statements on the Coronavirus, and of particular importance for SEC- and CFTC-regulated entities, investors, and other market participants is how the uncertainty surrounding the Coronavirus will impact federal regulatory oversight and enforcement approaches. For its part, the SEC has indicated that regulated entities may need to make specific risk-related disclosures about the Coronavirus in their public filings, including proactively updating their filings as new information develops.
Law 360: It's All Practice Groups On Deck To Tackle Coronavirus
Paul Hastings noted by Law360 for creating Coronavirus task force.