As the COVID-19 outbreak continues to disrupt global economic activity, financial markets and market participants have been, and will continue to be, impacted. As a result of these unprecedented market disruptions, financial market participants are likely to face significant issues that may result in litigation disputes. Potential areas for litigation include disputes relating to committed financings, market value declines and valuation, limitations on liquidity for consumer finance transactions, disclosures related to crisis readiness and response, insurance coverage, as well as data privacy and cybersecurity issues.
In this White Paper, we assess a number of complex litigation risks for financial market participants in COVID-19 crisis response and post-recovery planning and identify contractual and other considerations for mitigation of those risks.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.