Coronavirus
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The Effect of Coronavirus on Different Sectors of the Economy
The coronavirus crisis destroyed companies from the airline, tourism, restaurant, fitness, entertainment, retail, oil, real estate sectors, and these companies had to file bankruptcy protection in accordance with Chapter 11 for debt restructuring. Some enterprises were already in decline before the pandemic, and the crisis with coronavirus was the last straw. Bankruptcy is not the…
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Coronavirus: Is It a Force Majeure Event?
The spread of the COVID-19 virus, better known as the coronavirus, has become a global healthcare event that has caused concern for all member states of the world community. The spread of the virus has affected not only the health and safety of citizens but also the security of business relations in general. In this…