Coronavirus and Commercial Contracts

The novel coronavirus / COVID-19 pandemic continues to cause mass disruption across the globe, with the extent of the damage yet to be understood. It has led to businesses examining their business models, cutting expenses and re-negotiating contractual relationships. It is hoped that, in this time, people and entities try to work together for general survival, rather than focussing on black letter law. However it is important to know how your contracts work, and your potential options. It is also important to prepare, commercially and legally, for the next black swan event.

Coronavirus: Legal Implications for Business

“May you live in interesting times”.  The well-known apocryphal expression could hardly be more apt to describe the start of the 2020s.  The implications for business in the midst of this overwhelming uncertainty are numerous.  This article, whilst not constituting legal advice, seeks to address how to mitigate risk in the short term from a legal standpoint.