Concept Note 3 on the Effect of the 2020 Pandemic on Commercial Contracts
Concept Note 3 is a continuation of BIICL's "Breathing Space" series, which considers how the legal and business communities might respond to the COVID-19 pandemic in order to foster economic recovery.
The Concept Note 3 proposes a set of practical guidelines which might be adopted to encourage a more conciliatory approach to contractual disputes that may arise, and which seek to avoid and/or minimise protracted legal disputes, without prejudicing or altering parties' legal rights. The 'Guidelines' set out how corporates and particularly those who are conscious of Environmental, Social and Governance (ESG) requirements and their reputations can manage legal disputes responsibly.
