Abstract:The COVID‐19 crisis has triggered unprecedented governmental responses around the world to mitigate the effects of the pandemic, with particular attention being given to small and medium‐sized enterprises (SMEs). Governments around the world have implemented economic measures in the form of direct subsidies or government‐guaranteed loans, and legislated to provide mandatory relief from contractual obligations. In addition, increasing recognition of the limitations of insolvency regime in addressing the crisis … Show more
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