The Novel Coronavirus outbreak has significantly affected the
world. The situation remains volatile, with new and evolving
measures being imposed rapidly to tackle quickly changing
circumstances. Companies and businesses are taking cost-cutting and
remedial measures, assessing the state of their existing
contractual rights and obligations, and restructuring their
businesses in response to the present situation.
Nevertheless, life, and we, must go on. Businesses must continue
to function and adjust to the new environment to survive. There has
been much discussion on whether and how companies may legally
suspend or cease performance of their contractual obligations
according to the laws of various countries. Apart from that, given
the present Coronavirus situation, it is equally important for
companies to review their existing contracts and their terms, to
adjust to a new commercial reality moving forward. Different
approaches will be needed depending on the type of
