Remember, first and foremost, to consult the commercial lease to identify the clause that governs this situation, especially since a commercial lease does not terminate simply because a tenant goes bankrupt.
To what extent is the exercise of rights and obligations under commercial contracts subject to implied duties of good faith and/or reasonableness?
In May 2019, key amendments to the BC Business Corporations Act (the BCBCA) made by Bill 24 “Business Corporations Amendment Act, 2019” (the Amendment Act) were announced, requiring private companies under the BCBCA to prepare and maintain a “transparency register” of information about “significant individuals.”
Through a series of statements released on May 1, 2020, the Financial Conduct Authority (FCA) made clear its expectations of the insurance sector in light of coronavirus (COVID-19).
The Comisión Federal de Competencia Económica issued an opinion on May 7 harshly criticizing measures taken by Mexico’s independent system operator, CENACE, against wind and solar projects that are close to reaching commercial operation.
On April 20, 2020, the global petroleum industry witnessed a historic plummeting of benchmark US oil below $0 a barrel, while Brent crude oil has fallen nearly 70 per cent from the beginning of the year.
The critical task for boards is to begin – and follow through with – the corporate governance overhaul our regulators have prioritised and are waiting to pursue.
Force majeure and alternative relief under standard form construction contracts and local law
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