To The Point: Finance | Q2 2020

• Published date: 13 August 2020
• Subject Matter: Finance and Banking, Coronavirus (COVID-19), Financial Services, Financing
• Law Firm: Schoenherr Attorneys at Law
• Author: Mr Matei Florea

Safety, resilience, flexibility, innovation, and underlying all, business continuity

• In Q2 2020 we faced the new challenges brought about by Covid-19, in earnest. Lockdowns had already started in some jurisdictions in Q1, but it was Q2 that gave a clearer indication of the many ramifications we would face in 2020 and most likely, also in 2021 as a result of the pandemic. With the easing of lockdowns and the beginning of the summer period, some may think a return to (the "old") normal could be hoped for by the end of the year. Unfortunately, as I write this we know already we must brace ourselves for a longer challenging period Covid-19 cases easily gain momentum when safety measures are not strictly observed. And so, we are by now fully engaged in the "new normal" where safety, resilience, flexibility and innovation are all at the forefront of how we do business and fight to ensure business continuity for our clients and ourselves. As you read our news from the region, you will notice finance business continues in all its various forms and areas: long awaited regulatory changes were introduced in the Czech Republic, and new ECJ rulings were passed concerning consumer protection...