On May 13, 2020, KPMG in Azerbaijan held the webinar “COVID-19: new opportunities and crisis prevention measures”, devoted to the economic impact of COVID-19 on businesses, debt restructuring companies should consider, different anti-crisis measures adopted by Azerbaijani government and upcoming tax incentives.
The webinar gather together more than 60 professionals/executives from various industries.
Online event was opened by the moderator, Farid Isayev, who welcomed the participants and outlined the key objectives behind the webinar.
The first presentation was made by Artem Kirillov, Deal Advisory Partner at KPMG in Russia and the CIS who outlined the six key signs of a large-scale multifaceted crisis in a company, “new reality” that most companies are currently facing and four key areas that are on the focus of a top 20 global banks.
Andrei Mitrofanov, Deal Advisory Partner and Natalia Doroshenkova, Deal Advisory Director at KPMG in Russia and the CIS in their turn discussed matters associated with Strategic restructuring and debt management. They mentioned importance of it as a basis for anti-crisis measures, went over main purposes and risks. In addition, Natalia put a light on the main rules of long and short term debt structuring, process of debt restructuring and the three parties that should be involved in it, highlighting the main issues and role of external advisors in this process.
Farid Isayev, Head of Tax&Legal at KPMG in Azerbaijan and Seymur Niftaliyev, Manager at Legal Department at KPMG in Azerbaijan summarised anti-crisis measures and stimulus package adopted by the Azerbaijani government, listing main tax and legal considerations every company should take into consideration during pandemic and in post-quarantine period.
During the webinar, Nigar Bayramli, Deputy Executive Director at AHK - The German-Azerbaijani Chamber of Commerce shared with the audience the results of survey conducted among the members of Chamber aimed at reflecting businesses’ views on the economic landscape brought about by the pandemic.
The presentation of speakers followed by productive Q&A session with representatives from insurance, hospitality, banking, oil&gas and other sectors.
We want to thank participants for active listening and bringing up new points, and wish everyone to stay safe and positive!