Keith: Do you foresee more claims from receivables that are with a longer-term tenor or shorter-term tenor?

Johanna Wissing: Hi Keith, this is difficult to predict, but certainly at the moment we are experiencing a short term cash drag, but that could of course translate into longer-term financial difficulty. Ultimately, it comes down to the individual company, its health before this crisis and which tools it has available, i.e. which existing liquidity lines are available.

Is COVID-19 a natural disaster or force majeure event?

Iain Gunn: We have already had confirmation from one insurer that they do not regard Covid-19 as a natural disaster or a force majeure event but have covenanted that contractual terms will need to be considered in the context of any claim Ash McDermott: Iain, that is broadly our experience at Mayer Brown. Our insurance team will be publishing a note on it on shortly at covid19.mayerbrown.com

Tradecast - Looking Beyond COVID-19 - Trade Finance Global

Trade Finance Talks

Tradecast – Looking Beyond COVID-19

Jan 01 - 01 1970

Event Details

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