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  • Tag: termination of the effects of the agreement in Romania

    How do Romanian Litigation Courts interpret the non-fulfillment of the contractual obligations in unexpected situations? Force majeure -Covid pandemic, Ukraine war, Suez Canal, price increase-

    In the last few years in Romania, there have been various external events such as the Covid-19 pandemic, the war in Ukraine or the Suez Canal crisis, which have determined various economic imbalances which have led to the non-fulfillment of the contractual obligations due to the hardship, force majeure or unforeseeable circumstances, in Romania. In […]