On 11 March 2020, the Bank of England (the “Bank”) warned of “an economic shock that could prove sharp and large” resulting from the coronavirus outbreak that started in Wuhan, China, at the end of 2019. Presenting a package...more
3/18/2020
/ Bank of England ,
Borrowers ,
China ,
Contract Terms ,
Coronavirus/COVID-19 ,
Crisis Management ,
Debt ,
Default ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Force Majeure Clause ,
Infectious Diseases ,
Lenders ,
Negotiations ,
Prudential Regulation Authority (PRA) ,
Public Health ,
UK