Important message - COVID-19

COVID-19 AND PAYMENT TERMS

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The COVID-19 pandemic and the efforts to limit its spread have caused a global economic downturn that affects the ability of individuals and businesses to fulfill their contractual obligations and make payments. Whether due to liquidity problems, operational slowdowns or practical difficulties, many have become unable to make contractual payments when they become due, or find themselves in a difficult situation due to payment defaults by their customers.

This article (in French) discusses some of the legal issues raised by the COVID-19 crisis in relation to payment terms and deadlines.