We all hope that the predictions about the spread and
seriousness of COVID-19 (coronavirus) prove to be unfounded.
Whatever course the development of the virus takes, many of the
measures that have been taken or are under consideration by
governments, businesses and other organisations are already having
or will have a significant effect on commercial relationships and
commercial life generally. We are already seeing a slowing
down in production and consumption around the globe, disruption to
supply chains, the transportation of goods and the supply of
services, the cancellation of events, and the imposition of travel
and employment restrictions. The effects may be felt immediately or
they may take time to filter through a network of
relationships.
