Covid-19: Commercial and Legal Considerations for Private Fund Managers
The novel coronavirus (“COVID-19”) pandemic has caused significant disruption to the global economy, and the asset management industry is no exception. This is above all a human and social crisis, necessitating some significant changes in the way everyone goes about their daily lives. As efforts are underway to manage the spread, the impact to businesses and economies, while still indeterminable in the long term, has become increasingly significant.
We are finding from our clients that many business continuity plans are not robust enough to help businesses manage the growing and evolving global nature of the pandemic and its potential disruption, both in the short and long term.
This note highlights some important considerations and provides practical guidance to assist asset managers and their legal teams in tackling the challenges presented by COVID-19.
This note supplements the wide array of Linklaters’ COVID-19 related resources which can be accessed here. If you have questions relating to your matters or how to mitigate the impact of COVID-19 on your business, either in the Americas or globally, please let us know.