The true meaning of force majeure sometimes goes missing in those stressful circumstances. Force majeure is essentially a defense to performing as a service provider otherwise committed to do. This ...
Malaysia's state energy firm Petroliam Nasional (Petronas) [IPO-PETO.KL] on Thursday said it has lifted the force majeure on gas supply to one of its liquefaction terminals, Malaysia LNG Dua ...
it is critical to have a strong force majeure clause that defines force majeure, but also leaves the definition open enough to cover the unexpected. During COVID-19, many force majeure clauses ...
According to Mohun Bagan, AFC has “recognised” the club’s concerns with regards to playing a match in a country that faces the threat of war as a case of Force Majeure – a clause that frees a party ...
The trader said the market was looking out for any declarations of force majeure, meaning suppliers will not fulfil contractual obligations because of extreme circumstances. Shipping group Maersk said ...