Global | Update | November 2022
As we transition to new ways of operating against a backdrop of a volatile global economic outlook, global businesses are implementing strategies to ensure they can continue to operate in a rapidly changing and increasingly uncertain legal and regulatory landscape. Operational resilience and a clear strategy will be essential for organizations not only to survive, but to thrive, in 2020 and beyond. While protecting public health still remains the priority, many organizations are facing challenges, including major disruption to their supply chains, meeting contractual obligations, bringing people back to the workplace and implications under funding arrangements. Many of these issues need to be navigated on a cross-border basis.
This global resource hub identifies the key issues and provides practical guidance as well as innovative and strategic thinking from our lawyers around the world on the legal and regulatory challenges. Our multi-disciplinary team takes a holistic approach to risk management that spans business units, areas of law and national boundaries.
What the future will hold, as we attempt to shift towards a period of recovery, is unclear. However, we can certainly expect disruption for some time, and businesses will need the assistance of agile legal teams during this time and beyond.
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A new class of appeals in the NSW Land and Environment Court for the first time in 12 years is among the latest round of reforms announced by the NSW Government in its Planning Reform Action Plan (Plan).
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The COVID-19 pandemic has resulted in court access in many jurisdictions being severely curtailed. Certain jurisdictions are permitting urgent matters to proceed, often by way of telephone or videoconference.
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The COVID-19 outbreak has posed an unprecedented challenge – not just for individuals and governments, but also corporates seeking to navigate unchartered waters in the widespread disruption caused by the global pandemic.
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The COVID-19 pandemic has seen governments across the world restricting civil liberties and movement to new levels.
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It is trite to say that the recent impacts of COVID-19 have highlighted the need, beyond just stimulus packages, for Federal and State Governments to continue to support the fiscal needs of statutory bodies such as local governments and universities.
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The COVID-19 pandemic has had a dramatic global impact. Current forecasts indicate that the global economy will contract during 2020 by more than the global financial crisis of 2008-09.
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The International Federation of Consulting Engineers (FIDIC) recently published guidance for its contract users which is aimed at helping them manage some of the situations that are arising across the world as a consequence of the current pandemic.
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The Federal Government launched the COVIDSafe app as part of their work to slow the spread of COVID-19, indicating the app will help state and territory health officials to quickly contact people who may have been exposed to COVID-19. The message widely spread by the Government is that the more people download the COVIDSafe app, the easier it will be to stop the spread of COVID-19.
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Managing procurements and contracts during these uncertain and dynamic times will continue to be challenging.
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In our post last week, we flagged the risk of a ‘zombie company’ pandemic, with the potential for entities that faced endemic operational and liquidity issues pre-COVID-19 to use government subsidies to continue to operate despite having no genuine prospect of successful, independent and sustainable trade post-crisis.
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