Write a short note on non commercial establishments in present pandemic?
Answers
Explanation:
The World Health Organisation (WHO) declared COVID-19 as a “pandemic” on March 11, 2020.
The outbreak and the rapid spread of COVID-19 has sent shock waves across global markets. It has disrupted supply chains, leading to the closure of several manufacturing facilities globally; serious disruption of air and sea traffic and closure of vital air routes, like the one between the US and Europe. This is turn has led to the collapse of stock markets around the world, leading to the loss of billions of dollars, which got wiped out in a matter of days. A combination of all these factors has led to a decline in the overall volume of global economic activity, forcing the world economy towards a possible recession. It is forcing Boards across the globe to confront a host of difficult questions on how business should be conducted during a global public health crisis.
We have received several queries regarding the impact of COVID-19 outbreak on businesses. CAM’s crisis management team is closely monitoring this global pandemic and its impact. Our legal professionals are well equipped to provide guidance to clients in this urgent and rapidly developing situation. To provide preliminary assistance to Indian businesses, we have prepared these FAQs to highlight some of the COVID-19 pandemic related key legal issues that companies should be thinking about in the current environment. You may refer to our earlier publication providing high-level analysis of the COVID-19 impact on India Inc.
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