How Have Closed Borders Impacted International Business?

As international lawyers who have born witness to numerous shifts and adjustments during our careers, my partners and I certainly expected that of all things brought on by the coronavirus, closed borders would result in restricted business.

International business requires a level of movement and flexibility for companies to function appropriately and successfully. Of course, international trade is impacted when borders are closed, but the question regarding the extent of its impact was still unknown at the time those restrictions were initially put in place.