COVID-19: practical advice around contractual and supply chain issues
As the situation with COVID-19 prolongs, companies are taking steps to ensure protection of their staff and continuation of their business.
The unprecedented situation caused by the COVID-19 outbreak places severe strain on commercial relationships and the supply chains. Parties are turning to mechanisms, whether contractual or otherwise, which may allow them to avoid liability for breach, renegotiate terms or delay performance. We address the most important aspects around force majeure and other contractual/non-contractual issues that may be relevant during this turbulent period.