COVID-19: Contracting Issues

As the Novel Coronavirus (COVID-19) continue to impact and ground human activities globally, World leaders scramble to mitigate the deleterious effect of the rapidly spreading virus on the global economy and where businesses are concerned, millions worldwide have shut down, complying with various Governments’ “stay-at-home, stay safe” orders.

The consequence of the shutdown on businesses has certainly affected businesses that are heavily reliant on their trading partners, global trading relationships, and supply chains to fulfil their contractual obligations. Various issues with respect to the effect of the pandemic on contracts would indubitably arise.

In this series, we explore some of these contractual issues in a bid to assisting contracting parties make informed decisions with respect to their rights and obligations under their existing contracts.

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