COVID-19 coronavirus has hit the global economy hard. The effects of the virus will be felt for the next number of years. Nearly all sectors of the economy are threatened by the virus and many are feeling the impact already. This may be through bottlenecks and interruptions in supply chains, loss of personnel or the absence of customers with the corresponding economic consequences. Due to these problems it can be difficult for companies to carry out contractual obligations.
One of the real ways this virus is affecting companies is through the loss of contractual partners. If companies do not know how to respond here it may result in them being hit hard financially. In this case, it is advisable to quickly carry out an assessment of the legal situation in order to protect against possible losses & risks in good time. Our lawyers will support you in all questions of commercial and corporate law.