ic eats into corporate cash.
"It has been pretty much non-stop," said a partner at a major U.S. law firm, who has been on calls all day since Friday and had four deals closing on Monday alone. A lawyer who normally works on stock market listings, or initial public offerings , at a firm in London said he had been tasked with focusing on the rising demand for rescue deals"We've been working all weekend on a balance sheet fund-raise and received another couple of RFPs for rescue rights issue-type transactions," the lawyer said.
"Financial distress caused by the coronavirus is going to have the biggest impact on those companies that may be struggling already or are in sectors that are already facing challenging headwinds," said Joel Ferguson, a partner in Allen & Overy's global restructuring group based in London. Bankers said much of the work was trying to figure out how to tweak and repurpose existing plans to find the missing pieces in the funding puzzle - and keep the financing coming in.
jedderrs also us kasi walang extension bir hahahahha char
Why are bank offices and lawyers still open? I mean, is it not better to stop that too for a while and let people get money now for like 24 or 48 hours? And otherwise only ATM cash?