Purpose of project:
– To simplify the control, transparency and coordination of data throughout Europe
– To have quick and easy access to information
The COVID-19 crisis exposed the lack of investment in process digitisation and automation across multiple industry sectors, and real estate was no exception. Those organisations that had already implemented digital technologies for processes such as due diligence were in a better position to deal with remote working and closed offices than those still reliant on manual approaches.
It is only a matter of weeks before the General Data Protection Regulation (GDPR) comes into full force. Until now businesses have been spoilt for choice with the variety of cloud service providers on the market, but as the deadline for compliance to the GDPR looms, they will have a further obligation under the regulation: to vet their current providers and designate only reliable partners for data processing activities.
Regional governments and global institutions have been focusing on controlling the impact of bad debt on banks’ balance sheets for some time now. With the COVID-19 outbreak pushing debt levels higher, buyers and sellers must approach and manage nonperforming loans (NPLs) with care.
Among the 25 billion-dollar public companies that filed for bankruptcy in 2008 were the two largest in US history to date: Lehman Brothers Holdings and Washington Mutual.