COVID-19: legal risks and recommendations for doing business. Part 2

The World Economic Forum review dedicated to the impact of the COVID-19 pandemic on the economy of the future, as well as to the factors that will play a key role in economic development after the pandemic.

PwC’s experts examines responses taken both before and after the COVID-19 outbreak in an attempt to gain an understanding of consumer behaviour in cities, and to assess the implications for businesses.

The Organisation for Economic Cooperation and Development has prepared analytical research on business support mechanisms to avoid insolvency during the COVID-19 crisis. The slowdown of economic activity caused by the COVID-19 outbreak and related emergency measures implemented to tackle the health crisis have led to severe difficulties for companies to meet their financial obligations. Many of the fixed costs, such as rents and interest payments, remain due while the cash flow destined to meet these obligations has vanished. As a result, many otherwise sound companies are facing acute liquidity constraints that eventually might become solvency problems.