Back in February, the Financial Reporting Council (FRC) issued disclosure guidance to companies in response to the growing risks associated with Coronavirus. By law, companies must disclose any material risks.
We have already seen a number of large household name companies issuing profit warnings and downsizing in an attempt to remain solvent. Whilst the full extent and impact of the pandemic is not yet fully known, clearly the number of disclosures and announcements will continue to rise over the coming months, as many companies approach their financial year end or reveal their financial position at shareholder AGMs.
We have a proven track record of providing legal expertise in company sales, acquisitions and restructuring in a wide variety of scenarios. We can also advise companies that are seeking to recover monies owed by another business in financial difficulties.