Tag "vis maior"

Attention! The previously declared drought situation also helps the producers

The Minister of Agriculture announced a drought situation for the entire territory of Hungary. In a departure from the previous practice, the drought situation declared at the end of the...

Read more

Magazine: Crisis management: Who is responsible for cancelled contracts?

After 11 March 2020 the economic and legal environment changed considerably, therefore many companies decided to review their trade relationships, sometimes cancelling long-term contracts in part or in full. The...

Read more

The tenants in the hotel and retail sectors cannot always refer to the coronavirus pandemic as a force majeure

Restrictive measures due to the coronavirus pandemic are particularly sensitive for hotel and retail tenants. Many are unable to manage the rent through no fault of their own, but at...

Read more