The COVID-19 virus has caused unprecedented consequences – quarantine has been announced almost all over the world, including in Lithuania, as a result of which many businesses are no longer able to fulfill their contractual obligations. A number of companies would like to take the opportunity to obtain a Certificate of Force Majeure, which would Read more
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The coronavirus that has been lately spreading worldwide presents a number of challenges for business. To reduce the spread of the virus, many countries forced the business to suspend temporary their operations. This resulted in the termination or suspension of a large part of contracts. Therefore, a question that many businesses are asking is: “Does Read more
Perhaps there is no contract devoid of any reference to force majeure circumstances upon occurrence of which the other party becomes eligible to termination of the performance of the contract without any further consequences. Read more