The impacts of COVID-19 have resulted in many unprecedented market challenges. All organisations are having to be agile and open minded as they respond to the continually evolving situation.
A proactive commercial approach together with early and regular communication with your financiers and other business partners will be essential to establishing a pre-emptive and practical response to the current market conditions.
In addition to implementing Lavan’s own response to the business disruption caused by COVID-19, our multi-disciplinary team is available to assist you in determining your immediate response and to provide guidance on your longer-term risk management planning across all aspects of your business.
For most companies, protecting the health and well-being of your employees is your most important and immediate priority but also raises some tricky questions like:
If you need assistance with these or any other Employment related questions, please contact Lavan partner Ian Curlewis.
COVID-19 is resulting in the closure (at least for the foreseeable short-term) of many offices while staff work remotely. Additionally, social distancing will impact retailers, food outlets and centre owners.
Lavan partner Tamara Heng can be a valuable source of advice as you formulate your approach.
The new regulations and implications surrounding COVID-19 are affecting the hospitality industry in various ways and significantly.
If you have questions about the impact of these restrictions on your venue, please speak to Lavan partner Jessica Patterson.
The impact of COVID-19 may prevent or delay your organisation’s ability to perform and meet your contractual obligations. It may also increase the costs associated with complying with contractual obligations. In this situation, it is important to consider:
If you would like to discuss these considerations or others in relation to your contractual obligations, please contact Lavan partner Ben Fong.
Like most industries, COVID-19 is having an escalating impact on construction and infrastructure projects in Western Australia. The impact can vary from delay and disruption to exposure to increased costs, availability of labour or an inability to perform your contractual obligations. Parties should therefore consider:
Lavan’s construction team is currently advising clients on the specific implications of COVID-19 under their construction contracts. Please contact Lavan partner Tamica D’Uva if you would like to discuss your contractual entitlements.
The rapidly evolving impacts of COVID-19 including the Government's call for social distancing and self-isolation present many challenges for listed companies, including:
Lavan special counsel Mona Gill can assist you to formulate a plan to meet your obligations.
As the impact of COVID-19 varies between industries there will be a range of insurance issues to consider, including:
To discuss these or other Insurance related concerns, please contact Lavan partner Iain Freeman.
COVID-19 has resulted in a complex and ever-changing business environment. As your organisation grapples with the challenges this creates, you may be considering:
For separated and separating families the outbreak of COVID-19 can add additional uncertainty to already stressful circumstances. Some points to consider are:
Anna Bligh, the CEO of the Australian Banking Association, has announced today that banks will defer loan repayments for small businesses affected by the COVID-19 virus for up to six months. The press release, which can be viewed here, states that banks will fast track the approvals process. Lavan understands that small businesses will need to register with the banks to access this assistance. If you are a small business in need of assistance, Lavan strongly recommends that you get in touch with your bank to discuss this further. If you would like to discuss your approach before speaking with your bank please contact your Lavan partner or Paul O'Farrell of Quadrant Advisory.
Lavan’s multidisciplinary team has significant experience in assisting clients to plan for and respond to business disruptions like COVID-19. We are monitoring current developments and we are readily available to assist you with planning your response to the unprecedented challenges resulting from COVID-19. If you would like to discuss your organisation’s response, please call any of the Lavan partners.