Client Alert #3/2020: COVID-19's impact on Commercial Contracts: Force Majeure and REBUS SIC STANTIBUS Doctrine

26 March, 2020
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Covid-19 is having an immeasurable impact on people’s daily life, especially since the declaration of State of Alarm published by the Spanish Government. However, this virus has also an impact on the legal field, causing breaches of contracts as well as terminations before the impossibility to perform obligations. In consequence, there has been a significant increase in the interest of concepts such as “force majeure” and the “rebus sic stantibus” doctrine, with the purpose to be exempt of responsibility when breaching the contract or even when terminating it.

 

Here's a brief summary about it.

 

 

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