Covid-19 and the resulting lockdowns across countries have
caused a lot of confusion and there is a lack of clarity on the
impact of this unprecedented event on commerce and business.
The impact may span across contractual obligations, capital
market transactions (IPOs, rights issue, etc), listed company
transactions (such as takeover open offers, preferential issues,
buy back of shares, etc), private equity exits, regulatory
compliances, real estate transactions, employment matters, etc.
From a corporate transactional perspective, force majeure could
be in the form of a "material adverse effect" or a
"material adverse change".
In this article, we have attempted to anticipate the major
issues and considerations around Covid-19 as a "force majeure
event" from the perspective of contractual obligations.
