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ARTICLE · 20 MARCH 2020

Coronavirus Implications In Loan Documents

A&O Shearman
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The widespread reach of the coronavirus ("Covid-19") outbreak has unfavorably impacted numerous industries all over the world and sent shock waves across the global financial markets.

United StatesFamily and Matrimonial
Michael Chernick
Michael Chernick
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The widespread reach of the coronavirus (“Covid-19”) outbreak has unfavorably impacted numerous industries all over the world and sent shock waves across the global financial markets. As the outbreak has spread globally, a growing list of some of the world’s biggest companies have started to warn markets about the adverse impact the Covid-19 outbreak will have on their results and financial condition. As a result of the disruption to supply chains which has and will continue to negatively impact manufacturing operations and reduced consumer demand for various products and services as more countries implement strategies to contain the spread of the virus, it is highly probable that a significant number of businesses will generate lower earnings in the near term. 

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