WEBINAR – Lenders & borrowers challenges in the COVID-19 context

In the context of the crisis caused by the COVID-19 pandemic, lenders and borrowers are facing a wave of challenges, some of them caused by the business and financial impact of the crisis, other caused by the legal complexities of the new context.

Lenders and borrowers are looking into their contracts and considering potential applicability of material adverse effect (MAE) or cross-default clauses, are worrying about breaches of financial covenants, and revisiting provisions regarding force majeure or hardship.

Moreover, public moratorium legislation has been already enacted (or is in process) in multiple jurisdictions, while many financial institutions are also considering their options for private moratoriums.

All of the above raise multiple legal, tax, accounting, risk and logistic complexities for both lenders and borrowers. Deloitte Legal jointly with other risk, accounting and tax experts from Deloitte Central Europe will discuss all of the above in a 1.5h webinar, on 21-May between 15:00-17:30 EST | 14:00-16:30 CET.

The topics to be discussed include:

• Public moratorium legislation in Central Europe
• Key principles of handling large numbers of moratorium requests
• Private moratoriums in the COVID-19 context
• Risk areas for lenders and borrowers
• Tax and accounting implications of legal/private moratoriums
• EU regulatory trends for financial institutions in dealing with public / private moratoriums

Speakers Deloitte Central Europe:

• Zbigniew Korba - Partner, Deloitte Legal Poland
• Andrei Burz-Pînzaru – Partner, Deloitte Legal Romania
• Jan Procházka - Partner, Deloitte Legal Czech Republic
• Dimitrios Goranitis – Partner, FSI Risk Advisory Leader, Deloitte Central Europe
• Alexandra Smedoiu - Partner, Tax, Deloitte Romania
• Łukasz Szymański - Partner Associate, Deloitte Legal Poland