Solutions within the legal and operational toolkit for businesses in Retail (and the supply-chain) to enhance resilience

The Government’s roadmap out of lockdown signals a return to trading for a number of businesses hard-hit by the COVID-19 pandemic. There is however potential for heightened financial distress in the coming period as existing support measures are withdrawn and currently deferred liabilities become payable, bringing the challenges faced by this sector into sharp focus. Businesses saddled with debts accrued throughout the pandemic are protected by the various Government support measures and moratoria (repeatedly extended and currently in place until 30 June 2021), but will soon be exposed to increased creditor pressure.