Rebus Sic Stantibus Whitepaper
Legal Area: Commercial and Trade Law, Real Property Law
Industry: Real Estate, Rental and Leasing, Retail Trade
With the collaboration of our Firms, we have summarized the status and different options regarding Rebus Sic Stantibus.
This document gives specific answers to:
- Which are the requirements for the correct application of the Rebus Sic Stantibus principle in your country?
- What is the difference or relationship between Rebus Sic Stantibus and Pacta Sunt Servanda?
- Which are the main solutions or remedies that the legal system provides to mitigate the economic effects on leases?
- Which are the main steps to modify leases right now?
- What is your advice to landlords and tenants who are concerned about the long-term economic forecast?
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