{"id":3468,"date":"2020-06-05T09:55:10","date_gmt":"2020-06-05T07:55:10","guid":{"rendered":"https:\/\/www.augelegalfiscal.com\/application-of-the-rebus-sic-stantibus-clause-in-times-of-covid-19\/"},"modified":"2020-07-04T17:22:25","modified_gmt":"2020-07-04T15:22:25","slug":"application-of-the-rebus-sic-stantibus-clause-in-times-of-covid-19","status":"publish","type":"post","link":"https:\/\/www.augelegalfiscal.com\/en\/application-of-the-rebus-sic-stantibus-clause-in-times-of-covid-19\/","title":{"rendered":"Application of the rebus sic stantibus clause in times of Covid-19"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3468\" class=\"elementor elementor-3468 elementor-3251\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-55d4a193 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"55d4a193\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c3f7fe1\" data-id=\"4c3f7fe1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1901e774 elementor-widget elementor-widget-heading\" data-id=\"1901e774\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #8f2b2f;color:#8f2b2f\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #8f2b2f;color:#8f2b2f\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.augelegalfiscal.com\/en\/application-of-the-rebus-sic-stantibus-clause-in-times-of-covid-19\/#Application_of_the_rebus_sic_stantibus_clause_in_times_of_Covid-19\" >Application of the rebus sic stantibus clause in times of Covid-19<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.augelegalfiscal.com\/en\/application-of-the-rebus-sic-stantibus-clause-in-times-of-covid-19\/#376_803_636\" >+376 803 636<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Application_of_the_rebus_sic_stantibus_clause_in_times_of_Covid-19\"><\/span>Application of the rebus sic stantibus clause in times of Covid-19<span class=\"ez-toc-section-end\"><\/span><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65d055d0 elementor-widget elementor-widget-text-editor\" data-id=\"65d055d0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Law, just like society, is alive and not simply limited to a set of rules that regulate social coexistence. Law evolves as technological, social cultural and economic changes take place in our surroundings and, consequently, it needs mechanisms that allow its adaptation to the new reality.<br \/>\nThe clearest example of this possibility (and need) of adaptation of Law to the new circumstances is found in the so-called rebus sic stantibus clause, which is implicit in successive or long &#8211; term contracts and in virtue of which the contractual link is \u201crebus sic stantibus\u201d: if things or circumstances remain the same.<br \/>\nThe basis for the application of this clause lies in the basic rules of the our economic order and represents a mechanism to re-establish the parties\u2019 performances that should allow to solve the problems that appear in contracts of long duration due to the appearance of unpredictable circumstances that occur and alter or destroy the contractual balance.<br \/>\nThus, and without losing sight of the principle pacta sunt servanda, with this doctrinal construction there is an attempt to bring flexibility to the principle that obliges the parties\u00b4 to comply with their undertakings and, consequently, respond to an alteration of the circumstances allowing the contract to be maintained.<br \/>\nTherefore, the principle of balance that governs the performance of contracts allows, in case of extraordinary circumstances that alter the basis of the legal undertakings or genertaes excessive burden on one of the parties, to change, adjust or revise the contract in order to adapt it to this new situation.<br \/>\nAlthough it is not legally recognized in the Principality, the rebus sic stantibus clause has been analyzed by our courts for decades, especially to provide answers to cases of imbalance derived from monetary devaluation. However, this clause is not exclusively aplicable in such cases, but instead can be applied to changes occurred to circumstances in general.<br \/>\nThus, and in this context, in 1985 the Superior Court of la Mitra (Tribunal Superior de la Mitra) indicated that \u201cthe rebus sic stantibus clause has been applied to situations in which, in an unpredictable manner, a strange alteration of the circumstances, independently from the parties, was capable of breaking the balance of performances, which caused the contract to become useless and seriously harmful to one of the partries\u201d.<br \/>\nFor all these reasons, and due to the global impact of the health crisis arising from Covid19, it is to be expected &#8211; and almost without any doubt &#8211; that, abandoning its initially exceptional or subsidiary character, the rebus sic stantibus clause could end up being configured as an essential mechanism in times of crisis.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24a22a42 elementor-widget elementor-widget-text-editor\" data-id=\"24a22a42\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/augelegalfiscal.com\/en\/the-firm\/our-team\/#irina-monroy\"><b>Irina Monroy<\/b><\/a><\/p>\n<p>Legal Dpt. Director<\/p>\n<p><span style=\"color: #a22d58;\">Aug\u00e9 Legal &amp; Fiscal<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-601bf133 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"601bf133\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f55500b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f55500b\" data-element_type=\"section\" 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76<\/a>).<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Application of the rebus sic stantibus clause in times of Covid-19 Law, just like society, is alive and not simply limited to a set of rules that regulate social coexistence. Law evolves as technological, social cultural and economic changes take place in our surroundings and, consequently, it needs mechanisms that allow its adaptation to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3325,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,12],"tags":[],"class_list":["post-3468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auge","category-12"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts\/3468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/comments?post=3468"}],"version-history":[{"count":1,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts\/3468\/revisions"}],"predecessor-version":[{"id":3469,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts\/3468\/revisions\/3469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/media\/3325"}],"wp:attachment":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/media?parent=3468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/categories?post=3468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/tags?post=3468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}