COVID-19: The Impact Of The Emergency Situation On Contractual Obligations – Some Takeways For Companies And Their Management Bodies

COVID-19: The Impact Of The Emergency Situation On Contractual Obligations – Some Takeways For Companies And Their Management Bodies

Doing Business in Times of Emergency – The on-going pandemia and the relevant extraordinary restrictive measures are having a disruptive effect on contracts performance, exposing businesses to potential conflicts and significant risks. Contractual remedies and applicable law may exclude liability, but companies should act timely and directors diligently. Here an overview from an Italian law […]

COVID-19: Italian Measures On Shareholders’Meetings

COVID-19: Italian Measures On Shareholders’Meetings

With annual general meetings of listed and non-listed companies approaching, and in the context of sweeping statutory measures to address the Covid-19 emergency (Law Decree No. 18 of 17 March 2020, so-called “Heal Italy”), the Italian Government introduced legislative measures to facilitate the holding of shareholders’ meetings. To ensure that quotaholders (in the case of […]

Retail Leases Under Covid-19

Retail Leases Under Covid-19

With the aim to avoid the spreading of Covid-19, the DPCM regulation, issued on March 11, 2020 has provided for the closing of non-essential retail shops. The rule is based on the so-called “factum principis”, well-known principle of private law regarding contractual obligations. Specifically, it refers to the inability to fulfill a debtor’s obligation to […]