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European Union › Business Interruption

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
J.S. Held

2024 J.S. Held Global Risk Report: Weather and Natural Disasters

J.S. Held on

The growing frequency and ferocity of major weather events and natural disasters have pushed the climate change discussion to the forefront of governments and businesses. Droughts, floods, wildfires, earthquakes, and volcanic...more

Hogan Lovells

Schlussstrich in Sachen Betriebsschließungen von Hotellerie/Gastronomie während der Corona Pandemie? Zumindest für die „zweite...

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Das Bundesverwaltungsgericht hat gestern zwei Urteile des Oberverwaltungsgericht des Saarlandes aufgehoben (bislang liegt nur die Pressemitteilung vor), welche die infektionsschutzrechtliche Generalklausel nicht als...more

Jones Day

Conflict in Ukraine: Excuses for Non-Performance of Contracts Governed by German Law

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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

Hogan Lovells

Covid-19 - Keine staatliche Entschädigung für pandemiebedingte Betriebsschließungen

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Der BGH wies mit seinem Urteil vom 17.03.2022, III ZR 79/21 die Klage eines Hotel- und Gastronomiebetreibers auf Zahlung einer staatlichen Entschädigung für die aufgrund der pandemiebedingten angeordneten Betriebsschließung...more

White & Case LLP

Change is in the air

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Respondents see COVID-related disruptions, economic contraction and geopolitical instability as the top challenges for the aviation sector in the coming year. But growth is expected, notably in Asia-Pacific and Australasia - ...more

Hogan Lovells

Insolvenz in Eigenverwaltung – Success Hotel Management GmbH als ein mögliches Modell? Die anhaltenden Auswirkungen der...

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Über zwei Jahre nach Ausbruch der Covid-19-Pandemie sind deren Auswirkungen auf die deutsche Wirtschaft immer noch deutlich spürbar. Insbesondere die Hotelbranche ist von der sogenannten 4. Welle, den derzeitigen...more

Morrison & Foerster LLP

UK Litigation - A Year in Summary

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This year saw the UK grapple with life after Brexit and, along with the rest of the world, the impact of the continued COVID-19 pandemic. As 2021 draws to a close, we round up the key events and developments from the year in...more

Hogan Lovells

Insurance regulatory news, July 2021 #3

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COVID-19 BI insurance test case: FCA updates webpage The Financial Conduct Authority (FCA) has updated the webpage on its business interruption (BI) insurance test case. The FCA has published the Supreme Court order varying...more

Hogan Lovells

Insurance regulatory news, February 2021 # 4

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COVID-19: FCA update on BI insurance test case - The UK Financial Conduct Authority (FCA) has updated its webpage on its business interruption (BI) insurance test case....more

Hogan Lovells

Hotel contracts - Deferred or suspended rent due to Corona

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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

Hogan Lovells

Corona virus as a force majeure event in hotel lease agreements

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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

Hogan Lovells

Shutdown of hotel operations due to COVID-19 "Corona Virus" - Force Majeure?

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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

Hogan Lovells

Corona Crisis and Lease Law in Germany

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The Corona Crisis has hit the real estate market in general, but in particular it is impacting the retail and hospitality sectors. The scale and business relevance of the Corona Crisis is somehow unprecedented, and therefore...more

Hogan Lovells

First judgments on rent payment obligations during pandemic-related restrictions

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In spring of this year, retail stores, among other places, were closed for several weeks due to pandemic-related official orders in Germany. In the meantime, the first judgments have been issued as to whether the tenants of...more

Hogan Lovells

COVID-19 - Modification to the disruption of the business basis in commercial lease law planned

Hogan Lovells on

German government plans to qualify usage restrictions due to state Covid-19-related measures as a disruption of the business basis of lease agreements. On 13 December 2020, the Federal Government and the Minister Presidents...more

Hogan Lovells

Catalonian Government regulation for industrial and commercial leases affected by COVID-19 restrictions

Hogan Lovells on

Last November 18, 2020, the validation of Decree-law 34/2020, of 20 October, was published. This Decree-law has an important impact on industrial and commercial leases as it may allow tenants to request rent reductions or to...more

Robins Kaplan LLP

Financial Daily Dose 8.5.2020 | Top Story: Top Story: Ford Removes CEO Jim Hackett After 3 Years on the Job

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Major shakeup at Ford, where CEO Jim Hackett is out after a three-year stint in which he “achieved mixed results” but didn’t impress Wall Street enough to keep his job. Ford has installed COO James Farley, a Toyota alum who’s...more

Hogan Lovells

Insurance regulatory news, July 2020 #4

Hogan Lovells on

COVID-19: FCA updates on business interruption insurance test case - The UK Financial Conduct Authority (FCA) has published a number of updates to its webpage on the High Court test case concerning business interruption...more

Hogan Lovells

Insurance regulatory news, July 2020 #3

Hogan Lovells on

COVID-19: FCA update on business interruption insurance test case - On 13 and 15 July 2020, the UK Financial Conduct Authority (FCA) updated its webpage on the High Court test case concerning business interruption...more

Hogan Lovells

EU wine producers can now benefit from a temporary relaxation in competition rules

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The European wine sector has been greatly affected by the COVID-19 pandemic. According to statistics from the European Commission (EC), there has been a 30% reduction in the volume of wine sold and a 50% drop in the value of...more

Proskauer Rose LLP

Regulation Round Up - June 2020

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30 June - The Financial Conduct Authority (“FCA”) announced that the deadline for solo-regulated firms to have undertaken the first assessment of the fitness and propriety of their Certified Persons will be delayed from 9...more

Jones Day

Financial Government Support Measures Related to COVID-19 for European Corporates

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The economic crisis caused by the spread of the coronavirus triggered an unprecedented response from European governments to support their economies with various measures of support. This overview summarizes the various...more

Seyfarth Shaw LLP

Seyfarth Global Immigration Update: May 2020

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A list of global restrictions and closures as they stand today. Given the constantly changing nature of this situation, we highly recommend reviewing any global mobility inquiries on a case-by-case basis...more

Proskauer Rose LLP

Regulation Round Up - April 2020

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Given the current impact of COVID-19 on the financial services industry, please tune in to our podcast discussion on the key considerations that businesses should be aware of while facing potential insolvency and other...more

K&L Gates LLP

COVID-19: Will Today’s COVID-19 Distressed Businesses Become Tomorrow’s Antitrust-Cured Acquisition Targets?

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Despite the unprecedented efforts and measures undertaken by governments across the world to mitigate the economic impact of the COVID-19 pandemic, it is an unfortunate but inevitable outcome that a number of businesses are...more

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