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As the 2019 Novel Coronavirus (COVID-19) continues to spread across the world, businesses are facing significant levels of instability and uncertainty caused by weakened financial markets and disruption to workplace operations and business pipelines. It is almost certain that such instability and uncertainty will result in a growth in the number and types of disputes, as businesses become unable (or unwilling) to perform existing contractual obligations and/or have to re-adjust to new pressures on their finances and operations.
In the attached report, we provide our views on the types of disputes that will arise from the COVID-19 crisis, in both the short and the longer term. We then consider whether COVID-19 may have a broader impact on the way we resolve disputes in the future.
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