“Caution is appropriate. Preparedness is appropriate. Panic is not.” (~ U.S. Surgeon General Dr. Jerome Adams, commenting on the coronavirus outbreak)
As the coronavirus outbreak continues to wreak havoc on markets and industries in the U.S. and around the world, businesses are now confronting significant and unique challenges. Successful navigation of these challenges will require thoughtful and comprehensive planning. Foley has created a multi-disciplinary and multi-jurisdictional team, which has prepared a wealth of topical client resources (see Foley’s Coronavirus Resource Center) and is prepared to help our clients meet the legal and business challenges that the coronavirus outbreak is creating for stakeholders across a range of industries, including manufacturing, technology, solar, hospitality and travel, healthcare, food, fashion and apparel, and sports & entertainment.
On Friday, March 13, President Trump issued a National Emergency Declaration under section 501(b) of the Stafford Disaster Relief and Emergency Assistance Act (the “Emergency Declaration”). The following lists some general facts about the Emergency Declaration and recent developments to guide companies in decision-making and risk mitigation.
For more information about this, please contact your Foley relationship partner. For additional web-based resources available to assist you in monitoring the spread of the coronavirus on a global basis, you may visit the CDC and the World Health Organization.
Click here for Foley’s Coronavirus Resource Center for insights and resources to support your business during this challenging time.
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1 https://www.fiercebiotech.com/medtech/fda-grants-roche-coronavirus-test-emergency-green-light-within-24-hours
2 https://www.bostonglobe.com/2020/03/14/nation/waltham-s-thermo-fisher-provide-coronavirus-tests/