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Clifford Chance

Clifford Chance


Coronavirus: Financial Distress – Tip Sheet for Boards of Directors

20 March 2020

We live in uncertain times, where many companies face challenges brought about by the sudden and wide-ranging economic impact of COVID-19. Whilst the UK government are implementing measures to alleviate some of the financial consequences including the provision of emergency finance, government backed guarantees, and the deferment of tax, it is inevitable that many boards face unprecedented situations and challenges ahead. Your company's financial distress may be a challenging time in which critical, yet prudent decisions must be made. This tip sheet may focus your mind on best practice in these difficult circumstances.

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