Debt Cancellation and Debt Rescheduling: Options for Sovereign Debtors in the light of Covid-19 pandemic
For sovereign debtors, the onset of Covid-19 pandemic has resulted in the need to re-align national budgets to fight the pandemic, aside from the need for additional resources to stimulate the economies to survive the negative economic effects of the Covid-19 pandemic. The direct consequence of budget re-alignments and additional budgetary support towards the Covid-19 […]
Force Majeure and Frustration under Zambia Law: Options for discharge or suspension of contractual obligations in the Covid-19 Era
Whether the contractual relationship is that of an employer and employee, lessee and lessor, mine supplier and the mine, or indeed a construction contract, the onset of COVID -19 has tested contract law principles like no other branch of law. Force Majeure and frustration are topical issues in most board rooms, or more appropriately zoom […]
