CORONAVIRUS: Legal implications for businesses in the Czech Republic

On 19 May 2020, Act No. 247/2020 Coll., On certain measures to mitigate the effects of the coronavirus epidemic known as SARS CoV-2 on cultural events (the “Act”), entered into force. Not only for the field of tourism, but also for the field of culture, the possibility of the organizer to issue a voucher for a cultural event instead of refunding the entrance ticket fee was introduced.

General questions with respect to the impact of extraordinary measures on contractual relations have been mentioned HERE, in relation to financing contracts there are certain specifics, the basic outline of which is set forth in this note. In addition to arrangements between suppliers and customers, financing contracts are another cornerstone of any business and private life, so due attention should be paid to them in times of emergency measures so that the particular entities have not lost access to financing of their business and other activities.

When and how can contact with a counterparty be avoided and the document signed electronically? Is it possible to consider the electronic way of signing relevant for the eligibility of such a conclusion of a contract and how does Czech legislation and case-law treat this?

Many governmental regulations may prevent contractual obligations from being duly fulfilled. How can you best handle the performance, or more precisely, the non-performance of your contracts?