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COVID-19 and Contracts: Force Majeure, Material Adverse Effect and Alternative Exempting Principles
—Timothy Joseph N. Lumauig, Partner—Justine Abigail C. Sablan, Associate The World Health Organization (WHO) has declared the coronavirus disease (COVID-19) as a pandemic. As a result, governments all over the world have issued various restrictions in their efforts to contain the virus in their respective countries. In adopting these measures, day-to-day transactions have been hampered,