As China looks to kickstart its economy following weeks of severe disruption, employers must balance obligations to minimize virus transmission risk and at the same time returning to normal operation as quickly as possible. What exactly must employers do before resuming operations? How can they reduce costs? Are layoffs allowed? Jonathan Isaacs, head of Baker McKenzie's China employment practice, answers your burning questions.
China promotes arbitration, mediation for virus-related business disputes; business resumption requirements clarified by State Council notice; and government offers subsidies to airlines struggling amid epidemic
Coronavirus troubled small businesses may have their loan payments postponed, non-litigation dispute resolution is encouraged in labor disputes, and banks and insurance companies are allowed to engage in sovereign bond futures trading.
Casper Sek of Jin Mao Partners discusses the use of electronic contracts, and their validity and appropriateness for businesses during the coronavirus outbreak
Economy still stifled despite positive signs indicating success in containing virus; record issuance of force majeure certificates to Chinese businesses disrupted by epidemic; and JP Morgan indexes begin Chinese government bond inclusion