Expiry of mutual obligations of parties to lease agreements in shopping centres
08.04.2020 coronavirus, real estate
As a result of the parliament’s intervention, mutual obligations of parties to lease agreements in shopping centres are deemed to have “expired.” Does that mean that the lease agreements have expired?
Situation of contractors performing construction contracts in the private sector
02.04.2020 coronavirus, real estate, contract
The pandemic may delay the performance of construction works and increase their costs. It may even make it completely impossible for a contractor to fulfil its obligations. But how this affects the contractors’ legal situation depends on the factual circumstances of the given case and the wording of the specific construction contract.
Shopping-centre leases and the retail ban
20.03.2020 coronavirus, real estate, contract
In the tough times of battling the coronavirus, many tenants are seeking ways to reduce their rent, release themselves from the obligation to pay rent, or avoid other obligations under their existing leases. What opportunities does the law offer them?