All by Karishma Puri

What to do when your company has been affected by Covid-19

Covid-19 has spread all over China, preventing companies from performing their contractual obligations and has left them wondering if they are permitted to escape their obligations of payment or penalty fees without legal liability. This note explores if companies would be able to rely on legal mechanisms such as force majeure or hardship clauses to mitigate liabilities caused by the failure to perform contractual obligations.