Lisbon Chamber says it is "premature" to talk about financial compensation for the Web Summit

Lisbon's City Hall deems it "premature" to discuss financial compensation for the Web Summit after its suspension due to storm alerts. The municipality, led by Carlos Moedas, did not clarify whether the cancellation would lead to compensation or if the agreement with Connected Intelligence includes clauses for force majeure. The Web Summit is secured in Lisbon until 2028, but future agreements depend on reducing costs. The suspension decision was made following government safety measures due to adverse weather conditions.