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International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Global | Publication | May 2020
COVID-19 has gone far beyond creating a temporary crisis. It is a game changer. The major hit suffered by the global economy due to the pandemic is leading to a serious global recession. In the near future, businesses are likely to continue experiencing commercial stress, increased competition, and greater financial pressures from all their business partners. ‘Money-maker’ business teams are likely to face enormous pressure on bottom lines, while business-enabling teams, like Legal and Compliance are expected to cut their budgets and reduce their operations to ‘essential only’ tasks. All that is coming while we continue facing substantial social and cultural shocks of remote working and social distancing. Times are certainly changing.
For obvious reasons, many organizations in the last few weeks have been led and operated in a crisis management mode. Priority has often been given to health and safety issues, continued operations, secured liquidity and sustainable supply. Legal and Compliance considerations have not always necessarily been given their usual weight around the crisis response table by some organizations, and businesses have had to embrace a higher level of risk-taking to accommodate for the special circumstances.
While organizations are re-adjusting to the emerging reality, it is important for their General Counsel to consider each of the following dimensions of the ongoing corporate compliance challenge and ensure that they are properly addressed in their organization’s continuation plan:
A prudent adjustment of the corporate risk and compliance management system seems important today more than ever before. Taking into account that the actions of corporations will be scrutinized in two or three years from now, it is the responsibility of General Counsel to ensure organizations do not solve a current problem by creating a new one in the future.
Publication
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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Our Asia Competition Law facts sheets provide insights into the main competition law regimes across Asia, reflecting the experience and reach of our Asia competition team in an ever changing and increasingly complex competition law environment.
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