COVID-19 and interim relief for stay of enforcement of bank guarantees

Victoria García Verón, Álvaro López de Argumedo.

2020 Investment Arbitration Outlook Uría Menéndez, n.º 6


The COVID-19 crisis is having a significant impact on the construction sector, with many contractors unable to comply with their contractual obligations in a timely fashion. Given the exceptional nature of the COVID-19 pandemic and the actions taken to prevent its spread and effects, both of which underpin the declaration of a state of emergency in several countries, the resulting situation could legitimately be classed as a force majeure event or warrant the application of the doctrine.

Contact lawyers

Other publications

  • The New York Convention in Latin America

    Go to article

    Ana Amorín Fernández, Alberto de Unzurrunzaga Rubio, Jana Lamas de Mesa, Álvaro López de Argumedo. In The Guide to International Arbitration in Latin America, 2nd ed. José Astigarraga (Editor). London: Law Business Research, 2023

  • Ana Amorín Fernández, Alberto de Unzurrunzaga Rubio, Álvaro López de Argumedo. In The Guide to International Arbitration in Latin America, 3rd ed. José Astigarraga (Editor). London: Law Business Research, 2024

  • Álvaro López de Argumedo. In Miguel Ángel Fernández-Ballesteros. Liber amicorum, t. II. David Arias (Coordinador). Las Rozas (Madrid): La Ley, 2024

  • Álvaro López de Argumedo. In Manual de fusiones y adquisiciones de empresas. Actualizado al RDL 5/2023, de 28 de junio, 4.ª ed. Rafael Sebastián (Director), Martin Jordano (Coordinador). Las Rozas (Madrid): La Ley-Wolters Kluwer, 2024

  • Ana Amorín Fernández, Linda Guerra, Álvaro López de Argumedo, Jesús Remón. In Encyclopedia of International Commercial Litigation. Simon Bryan QC (Editor), Anthony Colman (Editor). The Netherlands: Kluwer Law International BV, 2023