The COVID-19 pandemic has heavily disrupted all aspects of our lives, starting from our daily routines and habits. The coronavirus has caused distortion to almost all branches of the economy worldwide, including the legal sector. It has forced companies and their legal advisors to carefully review their contractual relations from a different perspective –an angle of an extraordinary event that we are all facing due to the COVID-19. The situation creates a fertile ground for doctrinal and jurisprudential growth of the rebus sic stantibus doctrine that is analyzed in this article.
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The COVID-19 pandemic certainly constitutes an extraordinary event that can trigger application of the rebus sic stantibus principle in different legal systems, however before taking any legal action it is recommended to review and analyze appropriate provisions and jurisprudence that would apply to particular contractual obligations.