COVID-19 and Contractual Obligations.
How to be prepared for your foreseeable default.
The spread of the coronavirus has caused a deep depression in the markets. The stock markets register falls and the businessmen react with distrust to the evident difficulties to stop and confine the spread of the disease.Immediate expectations in various markets are not encouraging, because the spread of Covid-19 suddenly constitutes a threat as dangerous as a trade war.
At VILA we are aware that the physical and legal confinement we are facing, represents an extraordinary event of a national nature that it was not possible to foresee and for this reason, complying with the obligations acquired by companies represents greater difficulties.
Therefore, below you will find an article in which we explain the applicable legal framework to seek the recovery of balance in contractual relationships.
