When a virus affects commercial agreements | GVA Greco Vitali Associati

When a virus affects commercial agreements: force majeure clauses and remedies

March 2019

As we all unfortunately know, the effects of the coronavirus (SARS-CoV-2) are increasing in Europe and across the world, with disruptive consequences over our financial, economic, legal and social systems.

The threat of production’s stops and of interruption of supply chains is now a serious risk even for companies that do not produce or purchase goods in Asia.

While governments are struggling to limit the epidemic, we would like to point out some legal aspects that should be taken into account in the event of a disruption of existing relationships.

What’s about “force majeure”? A contractual clause or a law provision which regulates the effects that an extraordinary event

Numerous international companies have stopped deliveries in recent days by referring to FORCE MAJEURE.

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