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/