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The Rebus sic stantibus as the mechanical ventilator for the Spanish economy in these Pandemic times

"Rebus sic stantibus" is a Latin expression that can be translated as "things being like this", which refers to a principle of law by virtue of which it is understood that the stipulations established in the contracts taking into account the concurrent circumstances at the time of its celebration, that is: any substantial alteration of these circumstances may lead to the modification of those stipulations.

As an example of it, a Judge in Madrid applied the "rebus sic stantibus" to a nightclub in a precautionary measure by forcing that the tenant company stop paying the rent until it could be operational again, reducing the rent, from that moment on, and for a year, by half, from 15,000 euros per month to 7,500 euros.

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