Restructuring Attorneys in Uncharted Waters Amid COVID-19
Restructuring lawyers worldwide are facing a multitude of challenges, some entirely unprecedented, as the COVID-19 crisis continues. Lawyers are not only working diligently to manage an influx of concerned clients, but also contemplating how to best manage cases that predate the current crisis, as our economic climate has changed drastically since their inception. Courts are now beginning to use discretion to determine on a case-by-case basis if an issue is time-sensitive. Those that are not considered time-sensitive will be continued to May or later. The most immediate challenge, however, is the inability to meet face-to-face in the office with clients and subsequently, in court.
In this article, Sidley lawyers shed light on the details of these incredibly difficult circumstances and explore their potential repercussions.