Efficient Breach

Should a company stop performing on contracts that no longer make economic sense in a post-COVID-19 world?

The disruption caused by the COVID-19 pandemic is likely to have caused many existing business contracts to become economically unviable, absent renegotiation. Continued performance under such contracts can threaten a company’s financial well-being. Accordingly, boards of directors should consider the merits of discontinuing performance under such onerous contracts.

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John A. Taylor Managing Director, Head of Dispute Resolution Consulting
Richard De Rose Managing Director

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