Commercial remedy: Suspension of performance of contracts

Commercial remedy: Suspension of performance of contracts

Suspension of performance of contracts, as stipulated in the Commercial Law of 2005 (“CL”), is a commonly applied measure in trade. To apply this measure appropriately in accordance with the actual situation and to safeguard the legitimate interests of all...
Instructions for drafting basic content in loan contracts

Instructions for drafting basic content in loan contracts

A loan contract is an agreement between the parties, whereby a lender will give the borrower a sum of money. At the end of the loan term, the borrower must repay that sum with interest if the parties agree or so provided by law. Currently, disputes arising from loan...