It Takes Tremendous Effort to Earn a Good Reputation, But One Misstep Can Destroy It All

Surfing the Internet, you may come across a large number of publications regarding Force Majeure and its seemingly helpful effect during the quarantine. In particular, the news about the enactment of a law saying that the quarantine is Force Majeure has become quite a big talk.

Less than a month remains until June 17 when the Law “On Limited Liability and Additional Liability Companies” (the “Law”) will come into effect. This is generally a positive development: the new Law will introduce many up-to-date provisions replacing the obsolete law on business companies of 1991...