Commerce News

Home > News > Commerce News

Information | 100 Questions on Legal Issues of International Commercial Contracts (Part 1)

2020/4/17 11:46:12

With the WHO's official announcement that the outbreak of COVID-19 virus has constituted a global "pandemic", enterprises around the world are generally facing actual or potential difficulties in fulfilling the contract. The production of enterprises has been greatly affected, and some enterprises face the risk of contract breach due to reasons such as workers being unable to work and freight transportation restrictions. In the face of unexpected situations, the "Force Majeure" clause in the contract has played a significant role. The so-called "force majeure" refers to objective conditions that cannot be foreseen, avoided, and overcome. These objective conditions not only include natural forces, but also artificial forces. At present, COVID-19, locust plague, influenza and other worrisome disasters that are spreading around the world and may lead to difficulties in fulfilling the contract are all covered by the "force majeure" clause. How can enterprises apply the "force majeure" clause in contracts to address the obstacles and difficulties in fulfilling international commercial contracts, as there are unforeseen circumstances and misfortunes for people? How can Chinese and foreign enterprises facing potential default risks safeguard their legitimate rights and interests in accordance with international conventions and local legal practices? The book "100 Questions on Legal Issues of International Commercial Contracts under the COVID-19" launched by Deheheng's professional international trade lawyers team will answer these questions in detail.


......


©2023 Copyright Shenzhen International Chamber