On March 15, 2020, Governor Whitmer issued an Executive Order, effective 9 a.m. March 16, 2020, through April 13, 2020, imposing two restrictions aimed at preventing price gouging during the COVID-19 emergency. These restrictions, issued pursuant to her powers after declaring a State of Emergency on March 10, 2020, apply to offers or sales of products in Michigan. The first restriction applies only to resales of products acquired from retailers ...
The Coronavirus pandemic is presenting companies and their directors with many challenges. Simply planning for “business as usual” requires change to usual practices, involving a balance between compliance obligations and official public health advice. Holding general meetings, particularly as we enter AGM season for listed companies with a 31 December year-end, is one such challenge ...
It seems that business disruption due to coronavirus is pretty inevitable. What should you as a company director be doing if the disruption means your business starts to suffer? What changes for me as a director? As a director, you know that you owe duties to the company ...
How do you protect the privacy of people who have been infected by Covid-19, while still usefully informing those who have been put at risk? At a time of public health emergency, shouldn't GDPR take a back seat? As companies struggle to get new processes in place to cope with the potential ramifications of Covid-19, the aim of this note is to highlight how EU data protection law applies to this unusual set of circumstances ...
Force majeure clauses in business-critical contracts are coming into sharp focus at the moment as coronavirus continues to sweep the globe and the extent of the impact on global supply chains is becoming increasingly apparent. Many businesses concerned about potential disruption as a result of the coronavirus outbreak are reviewing their key contractual arrangements to understand potential contractual implications ...
On top of the multiple challenges hitting retail and leisure landlords and occupiers arising from COVID-19, the news that Intu has had to write down the value of its shopping centre portfolio by nearly £2 billion came as further bad news. Intu owns multiple high-profile retail and leisure locations across the UK (including The Trafford Centre in Manchester and the Lakeside complex in Essex) and on 12 March was widely reported as being at risk of insolvency ...
In terms of the spread of coronavirus COVID-19, there has been quite a lot of talk aboutforce majeureand the resulting non-performance of one’s contractual obligations. In addition toforce majeure, contract law recognises also the concept of alteration of the balance of contractual obligations (§ 97 of the Law of Obligations Act) ...
Dear Clients, Friends and Partners, Since day one, our firm has been responding to the challenges of the Coronavirus emergency with proactive and socially responsible strategies. In these difficult times, our first thoughts are with all those impacted by the COVID-19 outbreak as well as with the health professionals working to help them ...
Privileged information and financial reporting The rapid spread of COVID-19 (Coronavirus) throughout the world and the impact of administrative measures to contain it represent a growing challenge for the management of companies. On 11 March 2020, the World Health Organization declared the existence of a pandemic. The main focus now is to guarantee the safety of workers and employees ...
Many organizations may be parties to contracts where the counterparty is seeking to cancel its obligations because of COVID-19. This situation is arising in relation to various commercial relationships, including supply agreements, events planning contracts, and numerous other types of agreements ...
On March 11, 2020, the World Health Organization (WHO) officially declared COVID-19 (“coronavirus”) a pandemic. “This is not just a public health crisis, it is a crisis that will touch every sector,” said Dr. Tedros Adhanom Ghebreyesus, WHO director-general. “So every sector and every individual must be involved in the fight.” https://www.who ...
That the coronavirus,[1] apart from its direct consequences to human health, also has major consequences for our society is something that most people would agree on. It is, however, too early to predict the extent of the consequences and there is currently a great deal of uncertainty. From a legal standpoint, the coronavirus will have indirect and direct consequences ...
We have been asked whether businesses should cancel or severely limit business meetings and social engagements due to the Coronavirus pandemic crisis. It is admittedly difficult to run a business while essentially sheltering in place until such time, as the country achieves some sort of reliable testing program and medical treatment availability. Our recommendation is to cancel all but the most critical of meetings and gatherings ...
Federal and state occupational safety and health regulations require employers to record and report certain work-related injuries and serious illnesses, including work-related fatalities and in-patient hospitalizations. While Cal/OSHA has stated that the common cold or flu are exempt from reporting and recording requirements, even if the employee became ill at work, this exemption does not apply to COVID-19 ...
On March 12, 2020, Governor Newsom issued Executive Order N-25-20 (“Executive Order”) in response to the COVID-19 pandemic, invoking the Governor’s authority under the Emergency Services Act under Government Code section 8572. The Executive Order is available here ...
The rapid spread of COVID-19 (Coronavirus) throughout the world and the impact of administrative measures to contain it represent a growing challenge for the management of companies. On 11 March 2020, the World Health Organization declared the existence of a pandemic. The main focus is now to guarantee the safety of workers and employees ...
As the number of novel coronavirus infections (“Covid-19” or “Coronavirus”) and fatalities continue to rise, on 11 March 2020 the Italian Prime Minister issued a decree to impose new emergency measures to contain and manage the spread of the virus (the “11 March Decree”). Always on 11 March, the World Health Organisation has declared that Covid ...
At a press conference held on March 11, 2020, the Minister of Health introduced the new measures ordered by the president of the Republic with a view to preventing the spread of the Coronavirus. This new measure implies preventive self-isolation for 14 days to travelers arriving from China, Italy, France and Spain. Self-isolation is mandatory and must be carried out at the traveler's hotel or home ...
The coronavirus outbreak, and its current exponential spreading, is significantly impacting companies worldwide, with disruption occurring at almost all levels, from the workforce to the supply chain ...
The coronavirus disease continues to cause headaches for businesses all over the globe. Travel restrictions are leading to cancellations of small meetings and large-scale conferences; factory shutdowns are causing massive supply shortages; employees are being told to stay home from work. Whatever challenges you face in these uncertain times, it is important to remember that your business is not immune from government scrutiny ...
The State Taxation Administration (STA) released several announcements in the beginning of February which established preferential tax policies for facilitating the prevention and control of the outbreak of the novel coronavirus (COVID-19) and supporting enterprises to resume their business operations. Certain preferential tax treatments are specifically offered to enterprises and individuals that are directly involved in the prevention and control of the outbreak of COVID-19 ...
The ongoing global outbreak and spread of Novel Coronavirus 2019 (COVID-19), commonly known as coronavirus, is a dramatic event of global proportions, with far-reaching implications in a wide range of areas. The spread of coronavirus directly affects capital markets, global supply chains, worldwide transportation, large-scale events and conferences, and many other aspects of commerce and business, domestic and international ...
