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ARTICLE · 13 MARCH 2020

Is COVID-19 Likely To Be A Valid Basis For Avoiding Contractual Obligations?

With the continuing rise in the number of cases of COVID-19 worldwide, in addition to obvious implications of the outbreak for individuals, businesses are likely to be exposed to a heightened risk

GlobalCorporate/Commercial Law

With the continuing rise in the number of cases of COVID-19 worldwide, in addition to obvious implications of the outbreak for individuals, businesses are likely to be exposed to a heightened risk of legal implications arising across their supply chain.

As well as the significant human cost, the economic cost is mounting. The virus will ultimately impact almost every sector due to supply chain issues and supressed demand resulting from uncertainty, travel restrictions and general disruption to 'business as usual'. This is reflected in the performance of the global financial markets, which have suffered significant losses since the outbreak of the virus, and the recent surge in the price of gold, reflecting investor nervousness.

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