>>8495770 (lb)
>"FORCE MAJEURE" canceling contracts WW
NOTABLE
Lawfag here. Anon is correct. This is big.
REPORT from last crust:
What is a storm?
"FORCE MAJEURE" canceling contracts WW
Force Majeure
Events outside the control of the parties. These events are acts of man, nature, governments and regulators, or impersonal events. Contract performance is forgiven or extended by the period of force majeure.
Force majeure risk
The risk that there will be a prolonged interruption of operations for a project finance enterprise due to fire, flood, storm, or some other factor beyond the control of the project's sponsors.
https://www.newyorkfed.org/medialibrary/microsites/fxc/files/annualreports/ar1999/fxar99us.pdf
https://harrisbricken.com/cannalawblog/cannabis-and-coronavirus-what-your-business-should-do-right-now/
https://community.ifma.org/fmpedia/w/fmpedia/force-majeure-clause
https://www.federalreserve.gov/SECRS/2018/December/20181214/OP-1625/OP-1625_121318_133013_454044695698_1.pdf
https://structuredfinance.org/wp-content/uploads/2019/12/SFA-Libor-Litigation-Risks.pdf
https://www.dlapiper.com/en/us/insights/publications/2020/02/when-is-an-outbreak-an-act-of-god-mitigating-commercial-and-operational-risks/
https://www.newyorkfed.org/medialibrary/microsites/fxc/files/fmagguide.pdf
https://www.rareviewcapital.com/coronavirus-to-trigger-fed-to-declare-force-majeure-on-rate-pause/
https://www.ft.com/content/d96c30d0-4ed7-3b7d-83d8-26a173d39a72
https://www.jdsupra.com/legalnews/the-legal-consequences-of-covid-19-on-26564/