IFLR Publishes Akin Gump Article on COVID-19 Relief Measures for Business and Investors in Asia
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International Financial Law Review has published the article “Covid-19 v investor rights,” authored by Akin Gump partners Matthew Puhar (cross-border transactions) and Naomi Moore (financial restructuring) and litigation consultant Daniel Cohen. Originating as an Akin Gump client alert, the article outlines the relief measures being implemented by Asian governments to protect business and investors effected by the COVID-19 pandemic.
Among the recent developments in the region, the article discusses Singapore’s latest legislation COVID-19 (Temporary Measures) Act 2020, which “comprises a significant intervention in private contracts, and a relaxation of timely disclosures by listed companies in several jurisdictions.” The article notes that, while the Act’s measures may be reasonable, given the current climate, they are likely to cause complications throughout the region, particularly those involving cross-border issues.
The authors conclude by urging investors to remain vigilant of changes in the legal landscape, noting, “While there is no reason to expect a more permanent change in direction, investors will nonetheless wish to be vigilant and monitor closely how ongoing developments may impact their Asian positions.”
To read the full article, please click here.
