Blank Rome Llp issued the following announcement on July 15
The supply-chain disruptions from the COVID-19 pandemic have forced companies in busy distribution hubs like New Jersey to relax contract terms to address immediate issues, and reshape neglected long-term strategies to establish sources closer to home, Garden State attorneys said.
"Every side of the spectrum is looking for advice," said Blank Rome LLP partner John D. Kimball, a member of the firm's maritime emergency response team. His clients include ship owners, commodity trading companies, terminals, passenger ships, insurance companies and more.
The good news is that most clients aren't rushing to sue the minute contract performance comes into question, according to Kimball.
"Most of the time, we're seeing companies looking for ways to reduce their obligations or adapt to their circumstances, as opposed to trying to get out of them. Most understand that their contract partners are facing the same unprecedented pressures they are," he said.
Original source can be found here.
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