Partners in our Finance & Restructuring Group discuss the effects of the pandemic on global markets. The conversation includes a comparison of pandemic-related challenges faced in financings and restructurings, an exploration of liquidity relief for borrowers and issuers through government programs, and the rates of stabilization from sector-to-sector, with a special focus on oil and gas. The partners offer guidance for a range of stakeholders and note, with an eye to the future, the “hopeful tenor” of the market.