Many businesses will be impacted by Covid-19 and the government “lockdowns” that have been imposed in many countries across the world. Across the aviation, energy, maritime and real estate sectors, it is likely that:
- Global supply chains will be severely disrupted with the result that construction and infrastructure projects may stall or be cancelled;
- Loan defaults and insolvencies will rise;
- Employment issues will arise in the context of quarantines, uncertain business needs and the availability of state support; and
- Disputes will arise as parties seek to escape from contractual and financial commitments.