The COVID-19 crisis has imposed difficult global challenges on the retail industry. Mass closures of brick and mortar store fronts and supply chain disruptions have resulted in an unprecedented halt to business activities. Nevertheless, there are some steps retailers can take to better protect their business interests.
United Kingdom, Company & Commercial, Insolvency & Restructuring, Public, Steptoe LLP, Corporate governance, Force majeure, Coronavirus, Commercial tenant
Given the material impact that coronavirus is having on businesses, on March 28, 2020 the government announced that legislation would be forthcoming amending UK insolvency laws to:
United Kingdom, Insolvency & Restructuring, Steptoe LLP, Board of directors, Coronavirus, Insolvency Act 1986 (UK)