On April 7, Tom Fawkes and Brian Jackiw presented a webinar to the National Association of Credit Management (NACM), The Credit Professional’s Guide to Navigating COVID-19. Tom and Brian provided time-critical tips and key business and legal issues affecting credit professionals as a result of COVID-19, including:

• Negotiating protections with customers that have become unable to timely or fully satisfy their payment obligations;
• Addressing the applicability and enforceability of force majeure clauses in leases and supply contracts;
• Whether anticipatory breach of contract claims can help address current or prospective customer breaches and ensuring that legal rights are protected in the event of a material customer or vendor breach; and
• The expected spike in bankruptcy filings and liquidations from COVID-19, and what credit professionals can be doing now to protect themselves from those events.