This is the third King & Spalding Tokyo release on the Covid-19 crisis (click here for our 28 February release and here for our 18 March release).

Over this period, Covid-19 has changed the world. Although it was not apparent at the time, the released data would show that recorded cases in China would pass 80,000 on 1 March and plateau to approximately 83,000 as at 21 April. By mid-March, the World Health Organization had “characterized [Covid-19] as a pandemic … [and that] Europe has now become the epicenter of the pandemic”. As at today’s date, the epicenter is unquestionably the U.S. with approximately 800,000 of the world’s 2.5 million recorded cases and approximately 42,000 of the 170,000 recorded deaths.