Hong Kong: COVID-19 - The Impact on Commercial Leases in Hong Kong

Many retail and leisure premises are now closed and office buildings are impacted in light of the latest surge in the number of confirmed cases and the Government’s enactment of new regulations under the Prevention and Control of Disease Ordinance (Cap. 599) (the “New Regulations”). Rent is the major cost of many tenants and the risk of breaching a lease has become more imminent under this prolonged period of shutdown.