If, among the possible list of force majeure, the contract indicates “extraordinary circumstances”, “epidemics”, “actions of authorities”, “acts of authorities”, etc., this should be sufficient to initiate the procedure for recognizing coronavirus as force majeure and apply its consequences.
Schematically, the procedure may look like this:
1. A party for which it has become impossible to fulfill its obligations under the indicated circumstances shall be obliged to notify the other party of the occurrence of force majeure within the time limit and in the manner specified in the contract. Continue reading
The spread of the coronavirus COVID-19 officially received pandemic status, i.e. global epidemics. However, the effect for the business became obvious much earlier: companies faced with non-fulfillment of contractual obligations – disruption of schedules, non-payment, non-delivery, forced production downtime, etc. Continue reading