The Coronavirus (COVID-19) has thrown the world into disarray and has already had some serious legal ramifications for UK companies with the worst still yet to come.
Many companies are already looking for ways to back out of contracts or to prevent mergers and acquisitions and other transactions from falling apart.
As one of Bristol’s leading legal experts, Charles Cook, Managing Partner of Cook Corporate Solicitors, was interviewed by an ITV film crew this week to talk about the legal issues stemming from the COVID-19 outbreak.
“For the first time in a long while force majeure clauses are being widely invoked and disputed” said Charles.
“We are advising clients on the validity of such clauses and whether the contract can be voided, delayed, or enforced. We are also advising on issues surrounding new bespoke coronavirus clauses in employment contracts to cover problems such as quarantine, self-isolation, and sick pay.
“It is a very worrying time for our clients, and we are working hard to find them practical solutions. The firm are looking at specifically excluding the COVID-19 virus and other pandemics in new contracts, terms and conditions, and other relevant legal documents from any such material adverse change clauses and force majeure provisions.”
Anyone with a contractual or employment-related query related to the coronavirus should contact Charles Cook or Ed Schofield at Cook Corporate Solicitors.