All tagged Company Law
Last month, Allegro.eu, which is owned by the private equity firms Cinven, Permira, and Mid Europa Partners, announced its initial public offering. The leading Polish online marketplace sent shockwaves throughout the European economy as it raked in USD 11.2 billion on its first day as a publicly traded company.
Covid-19 has spread all over China, preventing companies from performing their contractual obligations and has left them wondering if they are permitted to escape their obligations of payment or penalty fees without legal liability. This note explores if companies would be able to rely on legal mechanisms such as force majeure or hardship clauses to mitigate liabilities caused by the failure to perform contractual obligations.
