Contractual Implications – What Are My Options?

It is very unlikely that anyone 12 months ago would have predicted that in the first three months of 2020, the world would have seen a new global pandemic resulting in some of the tightest restrictions on social interaction and personal freedom of movement ever implemented, with the majority of Europe and other major countries in some form of lockdown and borders closed.

The Coronavirus (COVID-19) pandemic continues to change the way in which we conduct our day to day business and, as that change occurs, businesses need to consider existing contracts and whether the situation means that it may potentially not be able to fulfil its obligations and if so, what are its options.

It is key that businesses conduct a review of their contractual obligations so that they are aware of where the pressure points are (or may be, given that this crisis is evolving at pace) and can react quickly and pre-emptively to changing events. Businesses who do not do this may find that they