16 Apr 2020 1 minute read
The Covid-19 crisis is having a major adverse effect on many existing contracts. Parties to supply, services, construction, credit, M&A or joint venture agreements may be faced with government measures, drop in demand, lack of resources, a surge in costs, or other business disruptions. These may affect performance and the contract's objectives and rationale.
This note addresses the position of contract parties in light of these circumstances under Dutch law. When may a debtor may excuse itself from performance and seek suspension, amendment or termination of the contract, and on what legal grounds. What actions can a creditor take in the face of such steps. Topics covered include:
Click here to read the note: Contracts and Covid-19: Force majeure and other remedies under Dutch law
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