The outbreak of the COVID-19 pandemic has exposed mankind to a global health crisis unprecedented in scope and impact. Governments have deployed elaborate plans to alleviate the severe problems created by the reduced or complete shut-down of economic activity and the sealing of borders. Granted, virtually no measures have been taken to restore the equilibrium in affected business relationships. This lack of rigorous regulatory intervention raises the question of whether Private Law can fairly address the effects of the pandemic. To answer this question, this paper focuses on a three-dimensional review of the legal response to the problems created by this public health and economic crisis—past, present, future. How can Private Law facilitate the resolution of disputes and the salvage of existing business relationships? How can Private Law reinstate trust in distressed markets? How can Private Law foresee such crises and fairly allocate the burden of coping with their impact and effects between parties?
About the Speaker:
Soterios Loizou is a Senior Lecturer (Associate Professor) in Commercial Law at King’s College London, where he teaches and conducts research in the areas of commercial law, conflict-of-laws, and international arbitration. He has also served as TTLF Fellow at Stanford Law School, Hauser Global Fellow at the NYU School of Law, and held visiting faculty positions with Peking University, School of Transnational Law, the University of Ferrara, and the University of Nicosia. For his research, Soterios has been awarded numerous awards and prizes, including the prestigious Colin B. Picker Prize at the American Society of Comparative Law (ASCL) and the Smit-Lowenfeld Prize by the International Arbitration Club of New York (IACNY).
The Law Society of Hong Kong has awarded this seminar 1 Continuing Professional Development (CPD) point.