In the News: COVID-19 Legal Advice; First Foreign Bad Loan Manager; and Economy Boosting Measures

February 23, 2020 | BY

Vincent Chow

Global legal community rallies to support COVID-19 hit businesses with expert advice; China approves first foreign-owned asset management company following trade deal; and more measures introduced to kickstart faltering economy

Legal community rallies to advise COVID-19 hit businesses

As COVID-19 continues to spread in China with more than 75,000 cases and 2,400 deaths around the country, the global legal community has been quick to issue importance guidance and advice to businesses facing various issues from employment to contractual as a result of the outbreak. Businesses resuming operations must take necessary preventive measures under emergency rules and regulations issued by Chinese authorities, such as avoiding social or business events where people are gathered, as well as body temperature checks for all staff members, write Guangzhou-based Joyce Mu and Hong Kong-based Myles Seto, head of Deacons' China offices.

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