Posted inFinancial

China issues US$15.7B in ‘force majeure’ certs

Force majeure is defined as “unforeseeable circumstances that prevent someone from fulfilling a contract.” If ever there was circumstances to invoke the business clause, Covid-19 is it. Wisely taking the latter into consideration, China has issued more than 1,600 force majeure certificates to shield companies from legal damages arising from the novel coronavirus disease outbreak, […]

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