Insights
Update on Covid-19 and Rent Reductions: Switzerland’s First Court Rulings Are in
In the absence of clear statutory rules, a case-by-case assessment is needed to decide whether or not a commercial rent can be reduced due to Covid-related restrictions on business operations. For a court to order the amendment of a contract in line with changed circumstances, strict requirements need to be met and the specific circumstances must always be taken into account.
Swiss Landlords and Tenants Looking for Solutions as Covid-19 Impacts Commercial Leases
Government-mandated Covid-19 measures are having a major impact on private contracts. Commercial leases are particularly affected as businesses are forced to close temporarily. Here are a few options landlords and tenants can explore to resolve potential disputes.