THE "REBUS SIC STANTIBUS" CLAUSE AND THE STATE OF ALARM TRIGGERED BY COVID-19
What is the REBUS clause? "REBUS SIC STANTIBUS" is a Latin aphorism that could be translated as "as things stand". Legally, it implies that contract agreements can be modified in the event of substantial changes in the circumstances that were taken into account when they were agreed. It is a general principle of law with no legal basis, although jurisprudence...
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