COVID-19 – current questions and answers at a glance – the weeks to come

Banks – mass processing of applications

Banks and funding institutions must currently adapt to the efficient processing of mass applications.

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Insurance industry – challenges in insurance supervision and insurance contract law

Even in times of crisis, insurance companies and insurance brokers must comply with the requirements of regulated emergency management and the supervisory law framework conditions. At the same time, risks loom on the capital markets.

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Real estate

Due to the tense liquidity situation, the contractual relations between tenants/lessees and landlords/lessors are now confronted with new framework conditions which must be mastered. Building principals can also secure the realisation of their construction projects in the current crisis.

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Public sector

The public administration and the public sector (including public enterprises) currently face numerous challenges, but there are also opportunities for “after the crisis”. We provide you with comprehensive advice.

 

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Assertion and warding off of compensation claims: disruption to supply chains and sales channels

In case of disruptions to contractual relations due to the current situation, reliable business solutions must be found and negotiated, agreed in a legally binding way and cost-intensive disputes avoided if possible.

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Countering insolvency risks: cooperation with business partners in danger of insolvency and reorganisation or restructuring requirements in your own enterprise or group

Enterprises must currently obtain an overview of the extent of the crisis and identify the existing legal risks, in order to avoid threatening economic disadvantages and personal liability risks.

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Corporate transactions

The current crisis presents enterprises in transaction projects with special challenges regarding implementation.

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Data protection: also mastering data protection law requirements in the crisis

Even in a home office situation, data protection law duties are mandatory. The current situation also offers enterprises the opportunity for innovative digitalisation measures.

 

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Compliance and directors’ liability

In the corona crisis, crisis management is particularly important as a core part of risk management. Management must have appropriate business continuity management plans in place (BCM system) for crisis situations.

 

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