Webinar hosted by the CMS Disputes Team
The disruption caused by the recent outbreak of Covid-19 poses enormous challenges for businesses. Restrictions and concerns impacting several sectors, including travel, leisure and food & beverage, as well as fractured supply chains, have resulted in many businesses suspending operations or finding alternative means of working. How does this impact any existing contractual obligations? How is this impact affected by government-mandated restriction in place (or its abscense) at the relevant time? Our cross-practice panel will consider how force majeure, material adverse change and other similar clauses as well as the doctrine of frustration may be engaged in this context as well as provide some practical steps that businesses can take to safeguard their position.