Corona virus as a force majeure event in hotel lease agreements -
Rent payment and business interruption insurance -
Since the hotel industry is severely affected by the current situation due to the new corona virus...more
1/29/2021
/ Breach of Contract ,
Business Closures ,
Business Interruption ,
Commercial Leases ,
Commercial Tenants ,
Contract Terms ,
Coronavirus/COVID-19 ,
EU ,
Force Majeure Clause ,
Germany ,
Hospitality Industry ,
Hotels ,
Infectious Diseases ,
Insurance Claims ,
Landlords
Shutdown of hotel operations due to COVID-19 "Corona Virus" - Force Majeure? The COVID-19 "corona virus" pandemic keeps almost the whole world in suspense. The effects on the global economy are not yet foreseeable. ...more
1/29/2021
/ Business Closures ,
Business Interruption ,
Commercial Leases ,
Contract Terms ,
Coronavirus/COVID-19 ,
EU ,
Force Majeure Clause ,
Germany ,
Hospitality Industry ,
Hotels ,
Infectious Diseases
The prohibition of the use of certain hotel facilities ordered by the countries responsible for the enforcement of the German Infection Protection Act ("IfSG") can have serious economic consequences. Already with the...more