Dispute Resolution - The Options

An inevitable consequence of the coronavirus pandemic is the torrent of disputes arising from the various disruptions caused by the lockdown.  Businesses seek to recoup their losses from their insurers, contractual counterparts and brokers; as well as individuals who attempt to receive recompense for unfulfilled obligations.  The exceptional circumstances of the coronavirus pandemic have resulted in the frequently attempted defence of "unprecedented circumstances negate contractual obligations."

The current challenging situation makes it all the more imperative to resolve disputes as quickly as possible whilst keeping the costs to the absolute minimum.  The first and most obvious option is for both the parties in the financial dispute to discuss the issues between themselves, this may be easier said than done at the present time, particularly if the matter is compounded by cross-border concerns.