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Navigating through Covid-19

The Luxembourg legal Hub

Navigating through Covid-19: The Luxembourg legal hub

The rapid spread of coronavirus disease 2019 (Covid-19) is a public health challenge that has affected all of us globally. It has required governments, and particularly healthcare systems, to respond swiftly and in a coordinated way to ensure that they are properly mitigating and responding to the evolving situation to ensure the wellbeing of their citizens.

Covid-19 was declared a public health emergency of International Concern by the World Health Organisation on 30 January 2020. Speaking at a Covid-19 media briefing on 2 March 2020, the Director General of WHO emphasised that the virus is capable of community transmission but can be contained with the right measures.

This is above all a human and social crisis, necessitating some significant changes in the way everyone goes about their daily lives. As efforts to manage the spread radiate across the world, the impact to businesses and economies has become increasingly significant.

Our clients are assessing (as we are ourselves), on a continuous basis, how to address the threat posed by Covid-19 to their workforce, customers, suppliers and wider stakeholders. Financial markets are experiencing considerable turbulence. The situation has the potential to generate both a supply-side and a demand-side shock.

Every organisation will have individual and sectoral considerations relevant to their particular circumstances, and each organisation will likely approach this evolving situation through their business continuity plan.

However, these plans may not foresee a situation of this complexity, magnitude and duration.

The topics covered below offers some practical guidance around how organisations might approach the impact of Covid-19 from a governance and risk perspective, together with some answers to some of the legal questions which we have been receiving over the last few weeks.

A Luxembourg guide to significant commercial and legal issues

Scroll to explore the different chapters

Operational Resilience

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Government support measures

Following the Covid-19 outbreak, the Luxembourg government, as well as the Chamber of Commerce, the ODL and the SNCI, introduced a package of temporary and targeted measures to support businesses and liberal professionals through this period of disruption.

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Workforce wellbeing and other considerations

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Managing commercial relationships

This section provides an overview of the impact Covid-19 is having on contractual law.

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Reporting, meetings and transactional issues

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Impact on regulated firms in the financial services sector

The CSSF has been very active further to the unravelling of Covid-19 and its impact on the Luxembourg financial sector. Our guide provides an overview of the measures which have already been taken as well as some inside information regarding the topics which are currently under discussion.

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Financial issues

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Crisis Management

Each organisation should have in place a crisis management policy to ensure that key employees and management are familiar with its operation.

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Keeping you up to date

Please find below an overview of our recent Covid-19 publications

x Covid-19 Resource Hub