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Hace 4 horas · Force majeure clauses allocate the risk of parties being unable to fulfil their contractual obligations due to an extraordinary event or circumstance beyond their control. Increasingly, force majeure clauses in construction contracts for Australian projects are the subject of intense negotiation. Given the high risk of extreme weather events ...
Hace 4 horas · Key Takeaways. In the words of the UK Supreme Court, the decision in RTI v MUR raised “fundamental points of principle” that could, in theory, apply to all force majeure clauses.. Our top three takeaways are: Unlike the common law doctrine of frustration (where a contract may be automatically discharged when performance becomes impossible), force majeure clauses are an opportunity for ...
Hace 1 día · Today's Communication clarifies that force majeure can apply to all farmers working in a delimited area that is affected by severe and unforeseeable natural disasters or meteorological events. This means that farmers located in the impacted area will not need to fill in individual requests or provide evidence for the fulfilment of the conditions of force majeure.
Hace 8 horas · (BRUSSELS) - The Commission in a Communication Thursday has clarified the use of 'force majeure' and exceptional circumstances for the EU agricultural sector in case of unforeseeable and extreme weather events. "Farming is one of the most exposed professions to climate change and its consequences," said Agriculture Commissioner Janusz Wojciechowski: "With unforeseen extreme climatic events ...
Hace 1 día · Comme promis depuis plusieurs semaines – suite en particulier aux mouvements de protestations agricoles –, la Commission européenne a publié le 30 mai une communication clarifiant les circonstances dans lesquelles les États membres peuvent avoir le recours aux notions de « force majeure » et « de circonstances exceptionnelles » pour déroger à des obligations de la Pac.
Hace 3 horas · Heard on the Street Recap: Force Majeure. For stock-market investors, artificial intelligence hype can cut both ways. Look no further than cloud software kingpin Salesforce, which plummeted 19.7% ...
Hace 4 horas · Das globale Chemieunternehmen OQ Chemicals hat seine Force Majeure-Erklärung für Produkte aus den Standorten Oberhausen und Marl aufgehoben. Bereits Anfang dieses Monats hatte OQ Chemicals seine deutschen Produktionsanlagen erfolgreich wieder hochgefahren. Beide Standorte produzieren inzwischen wieder mit normaler Kapazität.
