COVID-19 Updates

11 March 2020

Coronavirus (COVID-19): Objective Impossibility to Perform Agreements

The outbreak of the new coronavirus COVID-19 determines the adoption of necessary measures to limit the disease, such as quarantine, suspension of cultural events, temporary closing of public school units, performance of work at home and restriction of travels to and from the seriously affected areas. At the same time, the measures for the prevention of the spread of the virus and/or the ones of limitation/elimination of the outbreak caused by this virus have a significant impact on the performance of the ongoing agreements and on the undertakings’ activity.

11 March 2020

Coronavirus (COVID-19): Impact on Credit Agreements

The outbreak of coronavirus COVID-19 requires the assessment of the impact on the performance of credit agreements, both by the creditors and by the debtors, considering, inter alia, the possibility of interruption of the chain of supply against the background of restrictions regarding transport, quarantine/stay of performance of employment agreements or working from home.