A Study On The Evolving Jurisprudence Of Mergers & Acquisitions Post Covid-19: Issues And Challenges

Poshali Dhillon, Amity Law School, Amity University, Noida, Uttar Pradesh

1. INTRODUCTION

The start of the fiscal year 2020-21 saw a huge breach in normalcy, a decline in the stock markets, and the engines of economic growth ebbing toward a grinding halt as a result of the global spread of the COVID-19 pandemic.

Restrictions on conducting regular business were put in place by the government. The best and worst-case scenarios for the growth of world production in 2020 have been recalculated by the United Nations Department of Economic and Social Affairs, and they are now 1.2% and 0.9%, respectively. If restrictions on travel and business activities continue past the second quarter of 2020, the aforementioned numbers are likely to worsen.

Before the Covid-19 outbreak, the World Economic Situation and Prospects 2020 projected a modest 2.5% increase in global output in 2020. The total number of M&A and PE deals disclosed in April 2020, as compared to April 2019 and March 2020, fell by 37% and 22%, respectively, according to Grant Thornton India's deal tracker. However, its May 2020 deal tracker revealed a 16% and 25% growth compared with May 2019 and April 2020, respectively (except for four PE transactions in Jio).1