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Renegotiation of Contracts: Re-Align Framework

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The Re-Align Framework announced by the Ministry of Law on 10 December 2020 will allow small and micro businesses significantly affected by the COVID-19 pandemic to renegotiate certain types of contracts with their counterparties (the “other party”). If parties are unable to successfully renegotiate, the framework provides for the termination of the contract.   When […]

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