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With the COVID-19 pandemic quickly spreading across the globe and forcing entire countries to shut down all but essential services, businesses in all sectors urgently need to make business-critical decisions to protect their workforce, implement measures to address business continuity and prepare for an economic downturn. In doing so, they face legal and regulatory issues spanning various areas of law.

With this publication, we aim to assist companies in the TMT sector in managing this difficult and constantly evolving situation now and in the near future. Attorneys from our global team of TMT specialists offer their view on how they expect the TMT sector to be impacted, highlight the key legal and regulatory issues that need attention, and share best practices for minimising negative impact and legal risk.

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Author

Raffaele Giarda chairs Baker McKenzie's Global Technology Media & Telecoms Industry Group and co-heads the Commercial-Corporate/M&A practice in the Firm's Italy offices. He has contributed articles to law journals, and often speaks at and moderates Italian and international conferences and seminars on IT/C legal and regulatory issues. Mr. Giarda is a lecturer at the University of Rome as well as at the Italian National School for Public Administration. He joined the Firm in 1989 and became a partner in 1999.

Author

Kate handles all aspects of cross-border tax structuring for UK-headed and non-UK headed groups. She is particularly knowledgeable in UK DPT provisions, CFC regime, loan relationship anti-avoidance provisions and the new interest limitation rules. She regularly assists multinational companies with the design of their global holding and financing structures. Kate is a chartered accountant and chartered tax adviser with nearly 20 years' experience in tax-related matters. Prior to joining the Firm, she spent seven years as a partner at a Big Four accounting firm. Kate has been heavily involved in the OECD Base Erosion Profit Shifting initiative, assisting clients in determining potential implications for their businesses. She is a regular speaker on international tax issues.