Guide for businesses on how to set up their COVID-19 response. It illustrates three potential scenarios to help inform crisis planning and outlines the possible impact of each scenario on the workforce, supply chain and the economy. The guide contains an example strategy and operating model checklist alongside detailed checklists of response strategy considerations.
The spread of coronavirus COVID-19 has resulted in significant disruption to business activity. This page collects together ICAEW insights and externally-produced resources which offer practical advice on risk and contingency planning, maintaining business operations, and changes to business law and regulations.
Check our UK practical business advice page for a quick summary of government support available to businesses and individuals, including new guidance on the Bounce Back Loan Scheme.
Detailed checklist from the law firm Allen & Overy highlighting key issues for businesses to consider in managing the impact of the pandemic. The advice covers coordinating your response; managing the impact on the workforce; managing contractual risks; managing financial arrangements; insolvency risks; maintaining appropriate data and documents; potential insurance claims; managing wider operational risk; the impact on potential M&A transactions; and staying up to date on your rights and obligations.
Guidance from Zurich Municipal which includes a checklist focused on the steps that an organisation can take to prepare for a pandemic to minimise its impact upon business activities, employees and customers.
A collection of Global Deloitte insights to help businesses manage and mitigate the risk of the COVID-19 coronavirus.
Regularly updated set of briefings from McKinsey which provide business leaders with a perspective on the evolving situation and the implications for their companies.
Regularly updated hub providing advice on how organisations can prepare and respond to potential business impacts of COVID-19. Articles focus on crisis planning, effective communication, the workforce, supply chain, and importance of reliable information. Country-specific information is also available covering Australia, China, Germany, Malaysia, Singapore, South Africa, UK, US, and Vietnam.
Business law and regulation
Advice on how to process probate applications during the Covid-19 Pandemic
Some of the questions and issues facing data controllers now, with regard to the COVID-19 pandemic and data protection rules, are answered by the Business Law Department.
Guidance as to the replacement of affidavits with statements of truth in non-contentious probate processes
Authorisation has been given by the Courts and Tribunals Judiciary to allow statements of truth for some non-contentious probate processes as an alternative to affidavits.
The Information Commissioner's Office (ICO) sets out adjustments to its regulatory approach on Freedom of Information (FOI) requests, Environmental Information Regulations, regulatory action, and engagement with the public and organisations.
Detailed guidance published by the Competitions & Markets Authority (CMA) explaining how it will prioritise cases and its approach to the exemption criteria during the COVID-19 outbreak. Further updates and guidance are available on the CMA Coronavirus (COVID-19) response page.
Guide to the government assistance packages from 38 countries by INSOL International, the international association of restructuring, insolvency and bankruptcy professionals. The individual country guides present a clearly presented overview of the policy responses, legislative reforms, financial sector measures implemented by regulators and measures introduced to deal with increased insolvency cases.
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