Economic effects of coronavirus

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Since the beginning of 2020, the coronavirus has been spreading worldwide at an enormous speed and poses considerable challenges for both individual companies and entire economies. Sectors such as tourism and gastronomy are already experiencing enormous sales losses. Companies dependent on supplies from abroad are confronted with disruptions in their supply chains. Everywhere there is a risk of staff losses due to illness or government-imposed quarantine measures.

Companies in Germany are also affected. Measures are required to protect their own workforce. Supply failures and disruptions in acceptance on the customer side must be countered. Consequential effects will arise in questions of financing up to and including accounting.

With our multidisciplinary approach, we can support you in mastering these challenges and proactively take measures to cushion the economic impact of the corona epidemic and integrate appropriate crisis management into the company's internal processes.

Our services at a glance

Labor law advice on questions concerning quarantine measures affecting employees, clarification of possible recourse
Employment law advice for employees on foreign assignments
Advice on the use of short-time working allowance
Examination of existing delivery conditions in the event of delivery disruptions and advice on appropriate contractual arrangements
Advice on capital market law aspects as a result of the corona epidemic
Advice on the effects on accounting
Advice on liquidity bottlenecks and managing director liability issues

Nexia International Tax Reliefs in the U.S. in Times of COVID-19

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Ongoing Tax Advice Flat-rate reduction of advance tax payments made for 2019

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Global Mobility When cross-border workers are working from home

As a result of the Corona pandemic, employees are working from home in many instances. If the place of remote working is not also located in the country in which the professional activity is carried out, this can have an impact on the taxation of wages and salaries as well as on social security ...read more

Reorganization and Insolvency Weak economy: What managers have to pay attention to

These are challenging times for companies and their directors - especially the corona crisis is having a major impact on the economy. Managing directors are therefore faced with a wide range of tasks. ...read more

Employment Law Corona crisis: practical questions on the introduction of short-time work

The introduction of short-time work raises many practical questions for employers and employees alike, to which you will find answers here. ...read more

Employment Law Short-time working as a result of the Corona crisis

As a result of the corona crisis, the capacity utilization of the workforce in numerous companies is declining significantly. Staff cuts are in the offing. ...read more

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