Rapidly Changing Compliance Regimes Due To Pandemic

According to a guide put together by the Baker McKenizie firm, “businesses and investors must carefully consider foreign investment review risks at this highly sensitive and volatile time.” Rules are changing swiftly, and a strategy that includes appropriate messaging and communication with the relevant governmental authorities, and its consequential impact on deal documentation is necessary. Governments worldwide have taken various measures related to debt arrangements including deferred payments, guaranteed credit facilities, and government-backed loans. They have also announced new taxation measures such as deferral of payments, expedited customs clearance and suspension of interest on tax payments. The EU Commission has taken measures that permit fast-track Covid-19 State aid approvals in certain areas including State guarantees for loans.