A survey conducted by LACCA reveals the majority of Latin American GCs polled are most concerned about the threat of economic instability and civil unrest to come as a result of the covid-19 pandemic. But with careful budget planning and certain changes to business and legal strategy, in-house teams can muster up the resilience that has historically characterised the region.
Small and medium-sized Latin American companies with US operations could be eligible for help from the US government’s paycheck protection programme, part of the CARES Act passed in response to the covid-19 pandemic. But while the programme has its benefits, the pool of Latin American SMEs eligible to take part is limited and, for those that do, there are potential risks involved.
In response to the unprecedented impact of covid-19, LACCA and Latin Lawyer have launched a free-to-view and regularly updated information hub. Read about legislation and official communications issued by governments across Latin America in response to the evolving crisis here.
GCs in Latin America today face a dilemma: they’re in a position to help effect their companies’ big picture business strategy by providing legal advice to underpin it, but in reality they are held back by having to spend too much time on day-to-day tasks. Panellists at LACCA’s Annual Regional Conference considered what GCs can do to refocus on the important tasks at hand.
