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The looming expiration of the “Liberation Day” tariff suspension on August 1, 2025 marks a watershed for global trade and supply chain management. The U.S. administration’s imposition of sweeping tariffs first announced on...more
Traditionally, industry in Germany has enjoyed close commercial ties with Russia and Ukraine. The ongoing conflict in Ukraine and the resulting sanctions imposed on Russia—and by Russia—will inevitably affect these business...more
Does the owner bear the risk in case of bankruptcy? Due to the tense situation in the hotel industry, various lessees are currently approaching their lessors asking for deferral or abatement of rent payments for the...more
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
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
Relavant Topics in International Financings Due to COVID-19 - Overview For existing financing arrangements: - Material Adverse Effect/Force Majeure... - New utilization requests... - Cancelation of existing...more
1. What are general recommendations? In general, it is important to determine at an early stage which processes must be maintained, which people are needed to maintain operations and which measures are necessary to do so....more