Best practice solutions during COVID-19 - The elbow tap with lenders
23 March 2020
Leading international law firm Ashurst has provided an update on how best to engage with lenders during the Coronavirus (COVID-19) financial crisis. The role of effective communication for businesses in times of financial distress or economic uncertainty is critical. Implementing best practice solutions for engaging with banks and other financiers is therefore paramount for businesses weathering the current COVID-19 economic climate. So what does the elbow tap with lenders involve?
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Partner, James Marshall commented: "Ashurst aims to provide market leading expertise to support financially distressed businesses during deteriorating market conditions and the evolving COVID-19 crisis. We provide practical recommendations and effective engagement plans to help our clients deal with lenders, delivering realistic solutions including legal advice on credit lines and safe harbour."
If you would like to discuss the implications of COVID-19 or advice on engaging with your lenders, please do not hesitate to contact Ashurst. If you would like to read more of our legal updates in relation to COVID-19, please click here.
