The recent case of Dyco Hotels Pty Ltd v Laundy Hotels (Quarry) Pty Ltd  NSWSC 504 reminded me of a matter I was involved in last year during the first COVID-19 lockdown.
In that matter, Holman Webb acted for the seller of the freehold and business of a hotel. Contracts were exchanged when knowledge of COVID-19 was only just starting to spread - although settlement was due after the public health orders had been implemented.
The lockdown caused hardship for many people. Fortunately, in this particular matter, the parties came to a sensible settlement and the sale was able to proceed.
Contrastingly, in the recent NSW Supreme Court case of Dyco Hotels v Laundy Hotels (Quarry), the parties were unable to settle the dispute – with the seller terminating the Contract and keeping the deposit of $562,500.