Legal Alert: Coronavirus as a force majeure circumstance
Commercial Law Practice of Infralex has issued Legal Alert for Participants of Foreign Economic Relations. March 11, 2020, the World Health Organization declared the Covid-19 coronavirus pandemic. The severe epidemiological situation is not only in China, but also in Italy, Iran, South Korea, Germany, France, Spain and other countries.
To date, Covid-19 has affected more than 110 countries. Measures taken by countries around the world to deter coronavirus include quarantine, restrictions on the import and export of products, prohibition of entry and exit of people and transport.
For participants in foreign economic relations, these measures may lead to violations of contractual obligations, break of supply chains and, as a result, non-fulfillment of obligations of foreign and Russian counterparties in the execution of domestic and foreign trade transactions.
Full Russian language article you can read on the link below or download.