The Covid19 emergency has been changing the working environment and causing a difficult economic situation everywhere. It means that many legal problems are questionable. Many companies had difficulty envisaging them and find the proper solution for force majeure.

In some cases, the parties did not pay proper attention to the agreement. This is not surprising, as there was no expectation of the events listed there – earthquakes, floods, epidemics, and others. Today, the force majeure has actually come up and many questions have arisen that would have been difficult for many companies or individuals to answer correctly.

This has been compounded by the economic crisis, the change in the national currency and problematic issues such as non-fulfillment of contractual obligations, the inability of companies to pay their rent, layoffs, dismissal, etc.

• What should a company do if it can’t pay its employees?
• What should a company do if it has to close the facility and cannot pay the rent?
• Can companies that have to fulfill their obligations in any foreign currency claim a reduction in the rent due to the depreciation of the national currency?
• What happens in case of a sharp change of currency?
• What happens if the parties do not have any contractual reservations on currency changes?
• Should you be sourcing new leads? Maybe updating your products/ services?

During these uncertain times, these and many more questions must be answered by professionals with a vision and experience. We are here to support you with guidance regarding COVID 19 effects and forecasts.

In case of the questions, please, do not hesitate to contact us:

Carmen Cojocaru Partner [email protected] +40 727 333 336

Eduard Pavel Partner [email protected] +40 727 333 345