Lending During the Quarantine:Who May not Pay and for What?

Late performance of contractual obligation is an occasional part of the business. Moreover, in light of the COVID-19 pandemic and quarantine measures related to it, such cases are much more to come. While a quarantine is a directly designated force majeure in Ukrainian law, it is far from being a panacea for all cases and all contracts: it is not that easy to establish a causal link between the quarantine and the failure to perform in due time...

On April 28, a new Law "On Prevention and Counteraction of Legalization (Laundering) of Criminally Obtained Incomes, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction" (the "Law") came into force...