Rebooting the Economy: Key Legal Considerations for Businesses

This article was originally published in Entrepreneur & Investor. This article was also published in Global Banking & Finance Review. Any opinions in this article are not those of Winston & Strawn or its clients. The opinions in this article are the author’s opinions only.

In an article for Entrepreneur & Investor, Winston & Strawn London Partner Ian Borman outlines three phases that businesses must consider as the initial shock of the COVID-19 pandemic morphs into the UKs deepest recession in 300 years.  

These phases are: Direct costs incurred whilst shutdown continues, ramping up, and rightsizing for recovery.

In addition, as cash reserves—even in cash-rich companies—find themselves severely depleted, companies will have to look to the long-term to ensure that their liabilities can be funded and the balance sheet remains healthy. To do this, tough choices will need to be made whether the sale of valuable assets, restructuring, or insolvency processes.

View all of our COVID-19 perspectives here. Contact a member of our COVID-19 Legal Task Force here.