Our Website Uses Cookies 


We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.


For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

  1. Home
  2. News and Insights
  3. Insights
  4. COVID-19 - Preparing for Counterparty Distress or Insolvency
  1. Back

COVID-19 - Preparing for Counterparty Distress or Insolvency

March 20, 2020, Covington Alert

The full ramifications of the COVID-19 pandemic are uncertain, but we should expect that significant economic dislocation will be felt not only by industries already suffering from financial distress and seeking bankruptcy relief (retail, healthcare, small biotech, pharma companies, and energy) but many other industries, including manufacturers, carriers, shippers, and companies in the hospitality and entertainment industries. This alert highlights certain measures that companies should consider taking in connection with the economic impact of COVID-19 and the likely uptick in bankruptcy filings by counterparties laboring under a liquidity crisis caused by the economic slowdown.

Share this article:

 

Back to Insights

Related Practices

Related Regions

Related Offices