Representatives wrote to US House leadership requesting that the next stimulus bill include a moratorium on transactions that do not involve firms that are truly failing.
The COVID-19 (coronavirus) crisis has disrupted the conditions for effective competition in several markets.
The exponential growth and impact of COVID-19 has not only affected most industries and our everyday lives, but in particular has had significant repercussions within the superannuation industry. In this update, we make some general observations and examine the responses from the key Australian regulators and what this means for superannuation trustees, as well as their directors and senior management.
Companies conduct internal investigations for a variety of reasons. Internal complaints, legal actions or regulatory investigations, for instance, may trigger internal investigations.
At the beginning of the COVID-19 pandemic, both Health Canada and the Competition Bureau were quick to issue statements indicating they would continue to monitor the marketplace for false, misleading or deceptive marketing activities related to products claiming they could prevent, treat or cure the virus.
The Small Business Administration will audit all PPP loans over $2 million before providing any loan forgiveness to these borrowers.
The economic impact of COVID-19 on the infrastructure sector is vast and, whilst helpful, the Australian Government’s recently introduced temporary relief for financially distressed businesses will not be enough to ensure the ongoing viability of many businesses.
The US DOJ again announces it won’t challenge an ongoing collaboration among competitors and government agencies to provide essential COVID-19 healthcare supplies.
The emergence and spread of COVID-19 has had far reaching impacts on public health, the economy and our way of life. Social distancing, travel restrictions, border closures and other emergency requirements have affected businesses around the globe.
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