The effects of the coronavirus can currently be felt all around the globe. Great uncertainty about the duration of measures concerning the virus and ever more stringent measures cause many questions among entrepreneurs. Frequently asked questions are:
- Can I invoke force majeure if I am unable to comply due to these circumstances?
- Can I invoke unforeseen circumstances if I am unable to comply due to these circumstances?
- Does an agreed penalty clause apply in the given situation?
- Does the insurance cover damages which result from closing a business or cancelling events due to the coronavirus?
- Can I still hold a shareholders’ meeting after the call for social distancing and the ban on assembly?
- What is the effect on me as a buyer in a business acquisition?
- To what extent can I, as an entrepreneur, rely on support measures from the Dutch government?
Below, we try to answer these most frequently asked questions concerning a company and the coronavirus. If you have any further questions about your specific situation, contracts or other questions about the legal consequences of the coronavirus, we will be happy to help you. Please feel free to contact Wintertaling Advocaten & Notarissen.