The Covid-19 situation has had a material negative effect on a large number of Swedish businesses and it has also led to considerable fluctuations on the financial markets. We have gathered together a number of questions and answers which we frequently encounter in our practice to help companies navigate the situation.
Vinge’s experts within trade and shipping summarise some observations on how Corona as of today impact international trade.
The economic challenges following from the outbreak of Covid-19 have, and will continue to have, a serious effect on the financial situation of many companies during the foreseeable future. Aside from day-to-day challenges such as liquidity issues and need for cost cutting, borrowers must be aware of their obligations in relation to their lenders under their financing arrangements.
The outbreak of the coronavirus disease 2019 (“Covid-19”) is having large impacts on people and business. There may also be legal consequences of Covid-19 and Vinge has received many questions from clients regarding the possibility of invoking force majeure or other contractual objections as a result of the outbreak of Covid-19. We have therefore produced this general article to provide information in this regard. The information below is of a general nature and neither can nor should be construed as a substitute for legal advice in relation to an individual matter.