Coronavirus - Government measures in key jurisdictions - Flipbook - Page 2
Introduction
We are in the midst of incredibly challenging times. Uniquely,
businesses and individuals in most countries in the world have been
negatively, and severely, impacted by Covid-19. Individuals are all
subject to a number of measures which restrict personal movement,
and this has had an immediate impact on businesses and the economy.
There is also uncertainty. We do not know how long the current
restrictions will last and what the impact on the economy and
businesses will be when these restrictions are lifted, and we all return to
normal working life.
One of the important responses to the Covid-19 pandemic has been
the interventionist role that Governments in many countries have
taken to mitigate the economic impact of the virus. Governments have
had to react incredibly quickly, and to be very creative in the measures
available to businesses in order to prevent lasting economic damage
to businesses and those that work in them.
Governments have therefore stepped in to support their economies
by providing cash to businesses, especially in the form of loans, and
by underwriting specific costs, notably employment costs. These are
generally short-term measures with the expectation that they will be in
place to support the economy only for the period when the impact of
the virus is most critical.
A number of independent law firms have contributed to this briefing,
offering clients that operate in multiple jurisdictions some practical advice
on issues ranging from available state funding, employment and tax, to
property and insolvency. We hope you will find it a useful tool to guide you
and your business through these difficult, and ever-changing times.
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Government measures in key jurisdictions