In our recent briefing COVID-19: Joint ventures in a distressed environment, we looked at some of the challenges for existing corporate joint ventures (JVs) as well as the key issues to be considered when entering into new joint venture arrangements whilst the continuing effects of the COVID-19 pandemic are felt and in the depressed market conditions which are likely to persist for the short- to medium-term.
New research conducted by Norton Rose Fulbright shows that force majeure clauses are already being invoked in certain industries and regions but that this is not yet leading to a domino effect to drag in other industries and regions.
US SEC officials issued a statement urging municipal securities issuers to disclose information regarding the current and future impact of COVID-19 on financial and operating conditions.
Following the introduction of the National Cabinet’s Mandatory Code of Conduct for SME Commercial Leasing Principles during the COVID-19 crisis (the Code) in early April, there has been much anticipation and speculation as to how each of the States and Territories would legislate to give effect to the principles of the Code.
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