Which consequences does the current situation have for contracts? The pandemic is a case of force majeure. But what does that mean for existing contracts? What are the consequences of the action of the public administration?
There is a large number of possible issues: Who must bear risks and losses to which degree, can an agreement be terminated or is there a right to have it amended? Can one refuse performance? What are the rights under a MAC clause or a force majeure clause? Which emergency legislation provisions apply?
At the same time the question arises how claims can be enforced: is litigation or arbitration worthwhile? What consequences does the pandemic have for ongoing proceedings?
Our contracts law and litigation experts will be happy to assist you.