Coronavirus update: the implications for businesses and international commerce

The Covid-19 (coronavirus) outbreak has now spread from China to Europe, the Middle East and North America. As a result, Covid-19 is having a significant global impact on both the business and human levels.

The international reach of the outbreak mean that no country or business sector is necessarily immune from the financial and societal consequences if Covid-19 continues to spread and is not brought under control sooner rather than later. Some of the business sectors that are already feeling the effects include manufacturing, shipping, commodities, insurance, offshore and construction, aviation and the global markets. Concern over the financial repercussions of Covid-19 should not, however, be allowed to detract from the human and personal cost of the virus and the need to have appropriate work and health systems and strategies for employees, public spaces and communities as a whole.

The Ince global offices have been advising clients on a wide range of issues arising as a result of Covid-19 and stand ready to assist you and your business with any concerns that you might have. This newsletter includes a number of articles that we have produced for various business sectors, including shipping, immigration, insurance, aviation, trade, corporate and employment. Our articles aim to offer some practical solutions and risk management strategies for businesses facing challenges resulting from the outbreak and we hope that you will find them useful. However, as the situation continues to develop, more specific advice and recommendations might be required by you, depending on the specific difficulties that you or your business encounter or the particular sector in which you operate. Please, therefore, do not hesitate to contact your usual contact at Ince if you have any query with which we might be able to assist. If your query relates to any of the articles, please contact the authors.
Source: INCE