Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

As companies and governments continue to grapple with new challenges resulting from the coronavirus (COVID-19) pandemic, the need for practical legal advice and compliance guidance is more important than ever. Our attorneys are closely monitoring the evolving situation and are committed to providing clients with the latest regulatory updates and legal perspectives.

Thousands of legislative and regulatory responses to COVID-19 have been proposed or implemented in jurisdictions around the world. Please click the headers below to access our library of content, along with our COVID-19 Legislation Tool, a global tracker that reports the latest legislative updates.

If you have any questions or concerns related to COVID-19, please contact our COVID-19 Task Force. In addition, please do not hesitate to reach out to your relationship partner.

UPCOMING WEBINARS

We invite you to register for the upcoming webinars where our partners will share their latest insights and thoughts, and watch past webinars on-demand below.

Roll of Thunder: Advancing Corporate Social Responsibility & Responsible Investing | August 20, 2020

Partner Doreen E. Lilienfeld, Global Head of the Governance & Advisory Group, will moderate a panel discussion about how businesses and institutional investors are helping create a transformative impact through CSR with an eye on short- and long-term success.

Final Regulations Under Code Section 163(j) | August 19 & 20, 2020

The Shearman & Sterling Tax team is hosting a two-part discussion about the recently issued final regulations under Code Section 163(j) on August 19th and August 20th, from 12 pm to 1 pm ET each day.

Financial Services Regulation During a Disruption—Current Issues and Looking Ahead

A weekly webinar series focused on the financial services industry that will explore current and forward-looking issues facing the industry as it looks to strategically navigate forward amidst the uncertain environment. The following webinars are planned, please check back for dates and links to add to your Outlook calendar.

Upcoming Webinars – Dates to be Announced:

  • Financial Institution Liquidity – Banks and Broker-Dealer
  • Litigation Risk
  • Developments in FinTech

LATEST PERSPECTIVES

COVID-19 Webcasts/Podcasts On Demand 

Shearman & Sterling hosted the following partner-led webinars and podcasts to answer your COVID-19 questions, including industry trends and the legal and business implications to the pandemic. 

Other Shearman & Sterling COVID-19-Related Webinars

We invite you to listen on demand to our lawyers discussing relevant topics across a variety of practice areas.

Key Considerations 
Regulatory Responses 
Employment and Compensation 
COVID-19: Accessing Government Support for Businesses 

The COVID-19 pandemic has implications for all of us. In addition to the health concerns, there is the massive economic dislocation for almost every aspect of the economy – which may continue for many months yet.

There is very little for society to gain from allowing otherwise viable and successful businesses to collapse as a result of such an extreme shock. There is a perfectly legitimate role for Governments to play in supporting business through this period.

In the EU and UK such support must comply with the State aid rules. This can be via widescale measures across the whole economy or more focused on particular sectors. The latter is highly likely to be State aid. The European Commission is ready to approve such aid but obtaining that approval quickly requires care and experience. Companies cannot rely on overstretched Governments. Lack of timely expert representation often results in delays, insufficient support or inappropriate conditions being imposed. Liability for missteps will subsist for the company concerned after the crisis.

Shearman & Sterling has one of Europe’s leading practices in State aid. If any businesses require our help in navigating the State aid process to access vital Government support please do get in touch.

James Webber

Perspectives

Resources

The European Commission has made the following statements relating to state aid for Covid 19:

Further general press releases from the Commission regarding Covid 19 can be found at the following link: https://ec.europa.eu/commission/presscorner/home/en

The U.K. Government has made the following guidance announcements which relate to support for businesses in the wake of Covid 19: