| | | | The health and safety of our employees, clients and community is our top priority. This is why we have adopted the following measures:
National and international trips have been restricted, and face-to-face meetings have been limited to essential ones only. In all cases, we will promote and facilitate the use of alternative technological tools. We acknowledge and respect the requests of our clients and stakeholders. Accordingly, we will replace visits with other forms of communication whenever so required. Likewise, we will limit massive events at our Firm. We have developed a phased plan of flexible working hours to guarantee both the quality of life of our associates and the efficiency and quality of our services. We are prepared to activate our business continuity plan if required, which will allow us to continue to provide our services and to minimize any impact on the operation as much as possible. However, the uncertainty that COVID-19 generates in different areas, including business, is undeniable. In light of this, and in order to assist in your decision-making processes, next Tuesday, March 17th, we will offer the virtual seminar "Answers to the Frequently Asked Questions regarding COVID 19". During the event, we will answer all the queries that a situation of this magnitude can trigger, such as: Is your company considering to enter into coverage and hedge transactions to prevent risks derived from the latest and significant variations in the exchange rate? Due to the losses in the international stock markets, are you considering repatriation or divestment measures, or other changes in current investments? What measures and actions are required to implement telework? Who is responsible to pay for return expenses and quarantine expenses in the case of foreign tourists/business visitors who are held in the border due to COVID-19 measures? In what conditions can the shareholders carry out virtual meetings to mitigate the spread of the coronavirus? Should unilateral terminations of agreements be considered differently in the wake of the coronavirus pandemic? Can breach or delay in complying with contractual obligations due to coronavirus trigger the execution of performance guarantees? Can business decisions forced by coronavirus concerns trigger the D&O insurance coverage? Are there any additional requirements or customs controls in relation to the current situation concerning COVID 19? May this be the opportunity to remind you that we are ready to assist with any contingencies that may arise in the course of your business given the current context.
Please do not hesitate to contact us at [email protected] or (+57 1) 346 2011.
All the best, | | | | | | Carlos Umaña Trujillo |
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