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Global:

Is a Recession Coming? Late last week, Australian firm Clayton Utz closed its Sydney office after one employee reported being exposed to the virus. Last week, Baker McKenzie also temporarily closed its office in London after reported unwellness by an employee returning from Italy. Speaking of Italy, the whole country is now on lockdown. In Asia, despite a general view that the virus’ impact is short term, travel restrictions and quarantine measures already in place will likely put deal making on hold for many people. Investors are again more cautious about making acquisitions amid value uncertainty.

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