The world is facing an unprecedented crisis testing every system
of public health as well as societies at every level: political,
social and economic.
Covid – 19, the so-called "invisible
enemy," has left nothing untouched, including,
inevitably, the performance of contractual obligations
worldwide.
This article deals with how the legal system in Cyprus
approaches cases where the performance of contractual obligations
could be affected in light of Covid-19 under the common law
doctrine of frustration.
General principle
The general principle on performance is that agreements should
be performed, as agreed by the parties. There is an exception to
the general rule, however, when future unforeseeable events
affecting the foundation of a contract occur and justice requires
the impact of such events to be taken into account.
