ALP Legal Alert

COVID-19 BUSINESS SURVIVAL TOOLKIT

By ALP Advocate
on
April 15, 2020

This Business Survival Toolkit offers guidance to business entities and entrepreneurs on how to manage in the wake of COVID-19 measures, particularly in respect of transnational engagements (contracts, employment, tax); survival (insolvency); and overall regulatory compliance (amidst government interventions).

The world has been brought to a standstill in the wake of COVID-19, now a fully-fledged global pandemic. In an unforeseen turn of events, businesses have had to shut down or downsize their operations following the COVID–19 control measures that are being put in place by governments across the globe. This will almost inevitably result in a decline in industrial and agricultural production, laying-off of workers and employees, liability in civil actions, defaults in loan payment plans, and reduction in credit access.

The resultant economic stress is more than likely to plunge companies and individuals into insolvency and bankruptcy discussions. The pertinent question on the mind of every entrepreneur and CEO is: how does one ensure that one’s business survives?

Click here to download and read more about this ALP Alert.

Disclaimer

No information contained in this alert should be construed as legal advice from ALP East Africa or ALP Advocates or the individual authors, nor is it intended to be a substitute for legal counsel on any subject matter.

For additional information in relation to this alert, please contact the following:

  • Ann Namara Musinguzi   

           Head, Corporate & Commercial Department

           anamara@alp-ea.com

  • Lastone Gulume

           Practice Director & Head, Dispute Resolution Department

           lgulume@alp-ea.com

  • Judith Maryanne Aboto

            Associate, Corporate & Commercial Department

            jaboto@alp-ea.com

  • Lucy Suky

            Associate, Dispute Resolution Department

           lsuky@alp-ea.com