Covid 19 pandemic, the personal and business impact.
Governments around Australia have responded to the COVID-19 pandemic by introducing measures to assist individuals and business operators survive what is a significant economic blow. These measures have included the introduction of a mandatory code of conduct for commercial leases and the introduction of laws relating to the safe execution of documents such as wills, powers of attorney and affidavits. The banks have also played their part with hardship relief measures.
At Jackson & Associates, Solicitors we are working to assist our clients to take full advantage of all of the legislative and business opportunities and in addition we are advising on contract issues that have arisen because of changes that occurred because of the COVID-19 pandemic. It has become clear that many contracts have been frustrated because the circumstances the parties find themselves are radically different to those that existed when the contract was entered into. In many circumstances the contract can be terminated and sometimes money paid can be recovered .
At Jackson & Associates, Solicitors we have sometimes seen that the hardship relief offered by some of the banks does not put the borrower in a better position and further negotiation is required to assist the borrower.
These COVID-19 issues are being discussed in our regular newsletters and those newsletter items will continue over the coming months.
Principal – Jackson & Associates, Solicitors