Re-Align Framework aimed at giving businesses breathing space in light of Covid-19

06 Nov 2020

The COVID-19 (Temporary Measures) (Amendment No. 3) Act 2020 introduces a targeted legislative framework to assist businesses that have been significantly impacted by COVID-19 to renegotiate specific types of contracts with their counterparties.

This update discusses the eligibility criteria and the process under the Re-Align Framework.