Living-up to promises in Covid-19 Times

With the Covid-19 crisis, businessmen face all kinds of challenges in the performance of their contractual obligations. Undoubtedly, the variety of unforeseen events which may prevent performance, or which may substantially upset the equilibrium of the respective obligations of parties, has increased dramatically. Covid-19 and the governmental measures to combat the virus and its recent resurgence have hit businesses and the magnitude of the economic impact still needs to be delineated. It is even impossible to confine such impact in the near to long term future.

In this contribution, we focus on how to cope with this situation under Belgian law.