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26 March 2020
In response to the outbreak of Covid-19, governments around the world are introducing measures and restrictions swiftly to help citizens and businesses manage the resulting disruption, both in the short and long terms. Below is an overview of some of the various measures being introduced by governments to tackle the social and economic impact of Covid-19.
12 March 2020
Due to the global outbreak of Covid-19, many businesses are confronted with serious commercial consequences, such as delays in the delivery of goods and services, and may look for ways to mitigate the impact on contractual performance. In this situation, they may be faced with difficult legal questions about whether and to what extent force majeure and related provisions in their contracts and in the applicable statutes may be implicated. To assist businesses manage their contractual relationships in light of the rapidly changing Covid-19 situation, we have, across a multitude of jurisdictions, collected principles of potential relevance to a variety of commercial contracts.
26 March 2020
Our tracker contains an overview of changes made in light of the Covid-19 outbreak which impose restrictions on creditor rights, relax debtor obligations to file for insolvency or concern other insolvency-related issues. As you will appreciate, this is a dynamic situation, and both the measures announced and applicable legal framework will continue to evolve in the coming days, weeks and months.