The escalating global Coronavirus (COVID-19) outbreak raises many questions for the parties to commercial leases. Does the outbreak constitute a force majeure event? Do tenants need to keep paying rent under all circumstances? Our aim is to answer some of these pressing questions and provide you with the most up to date information on laws and regulations across the Latin America region as they impact commercial leases.
Our network of lawyers across seven jurisdictions has compiled the following list of some of the most common questions we are seeing from landlords and tenants. We hope this advice allows you to make more informed business decisions in the days and weeks ahead.
Please note that guidance and laws affecting employers in each jurisdiction may continue to change. The information in this document is presented as of March 23, 2020 and the high level guidance in this document is not intended to be comprehensive legal advice.