The outbreak of COVID-19 (“coronavirus”) has undoubtedly impacted the business relations at global level, leading to important consequences caused by the nonperformance of international commercial contracts. The contractual partners often invoke the outbreak to excuse their non-performance, either as force… Read moreCOVID-19 in international commercial contracts. CISG and UNIDROIT perspective
37% of companies surveyed have fully or partially interrupted their operations after declaring the state of emergency due to COVID-19 pandemic and 20% have reduced their activity, according to the PwC Romania HR Barometer conducted by PwC Romania at the… Read morePwC survey on the impact of COVID-19 on businesses: 37% have fully or partially interrupted activity, 27% will definitely apply for technical unemployment
The pandemic generated by COVID-19 brought the whole world to a halt. From boutiques shops to airline companies, most businesses are affected by the pandemic. However, as with every rule, there are some exceptions. Some companies, mostly those related to… Read moreArbitration as an Alternative to Court Proceedings in Time of COVID-19 Pandemic
1. The general and legal context In view of the evolution of the international epidemiological situation caused by the spread of Coronavirus, which determined the pandemic declared by the World Health Organization, on March 11, 2020, the Decree no. 195/2020… Read moreThe implications of the measures related to the state of emergency in the insolvency procedure
The National Bank of Romania (“NBR”) together with the Romanian Government have responded swiftly to the economic shock created by the COVID-19 pandemic by announcing several measures aimed to alleviate the adverse impact of COVID-19 on individuals and small &… Read moreMeasures to mitigate the negative impact of COVID-19. Deferral of loan payments
