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As health organizations and governments around the world work to contain the coronavirus (COVID-19), businesses should be mindful of the various ways the virus may impact their operations and employees. The wide range of potential issues includes complications in transactions and contracts, incidents that trigger regulatory obligations, and personnel concerns stemming from illness or remote workforces, among many others. While we don’t yet know the full extent to which the coronavirus will impact us on a variety of levels, we offer the following considerations for those navigating coronavirus-related legal challenges.
Coronavirus/COVID-19 Update
As the spread of the coronavirus (COVID-19) impacts manufacturing and supply chains around the world, companies have begun to assert that the outbreak excuses nonperformance under commercial contracts. Companies that are affected by the coronavirus should undertake a review with their counsel of the rights and obligations under various agreements and applicable law, including with respect to notice requirements, the potential impact on other agreements, insurance coverage and disclosure.
In this month's edition of our Privacy & Cybersecurity Update, we examine the California attorney general's proposed modified regulations under the CCPA, the Treasury Department's new CFIUS regulations, and the SEC Office of Compliance Inspections and Examinations' observations and guidance on cybersecurity.
Privacy & Cybersecurity Update
Despite substantial political and economic turmoil, the U.S. M&A market remained strong in 2019. The fundamentals support optimism for 2020, though headwinds could dampen activity.
Latest From Skadden
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SEC Adopts Amendments to the Accelerated Filer and Large Accelerated Filer DefinitionsMarch 31, 2020
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Coronavirus/COVID-19: French Ordinance Enacts Moratorium on Statutes of Limitations, Procedural and Contractual DeadlinesMarch 31, 2020
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Privacy & Cybersecurity Update – March 2020March 2020