BAHR
Daring and winning in uncertain times When the pandemic struck, listed companies were put to the test. Equity markets were part of the solution, both for distressed companies and for those ready to take the plunge when the outlook was gloomiest. Thereafter everything turned green.
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– The year got off to an ordinary start with high activity in January and February. Covid-19 then made its presence known in March and turned markets upside down. Transactions were put on the backburner or deferred. The focus of our clients and ourselves was on preserving value and providing markets with correct information in relation to the prevailing situation, potential effects and the future outlook, explains Lars Knem Christie, BAHR Partner.
conduct our Shareholders’ Meeting when people are not permitted to get together?
By the time the pandemic surged ahead, many companies had already published their dividend plans and updated short-term and long-term market guidance. Covid-19 forced market players back to the drawing board. The questions were piling up. Will our revenues disappear? Will we be in
– It was a situation of unprecedented uncertainty and complexity. No one had empirical data or models that took account of the effects of a pandemic. The situation of working from outside the office also became an X factor. There is a reason why there is a statutory requirement for corporate bodies
breach of loan covenants? Should we withhold dividends? How do we
to get together to discuss major decisions. Both we and our clients
– All of this also coincided with the completion of annual reports. The corona virus raised new and important questions just as this process was drawing to a close, for example in relation to risk factors and the future outlook. The situation evolved rapidly, and swift action was of the essence, adds Camilla Iversen, BAHR Attorney.
