Clearly there are some major economic challenges ahead. Many businesses may be able to withstand the challenges ahead but it may very well be that their trading counterparties
(whether suppliers, customers or other stakeholders) will not. Whilst these times can
represent an opportunity for some, such as potential acquirers (whether of businesses, assets or distressed debt), in most cases, the climate represents a threat to businesses.
Planning now for possible pitfalls and considering how to best protect your position going
forwards should assist you: the key to protection will often be forward planning.
In this note we offer some comments about mitigating counterparty risk, as well as some
more general points which it would be prudent to consider.
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