22 min
COVID-19, Force Majeure and Frustration of Contracts The Bridge Project Podcast
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- Business News
EPISODE 9: There is an outbreak of COVID-19 in the world, declared as a global pandemic by the World Health Organization. This has affected over 180 countries resulting in severe market disruptions due to complete lockdowns in severly affected countries. Companies, businesses have been invoking force majeure clauses of their contracts. In this episode we are going to discuss: 1. What is a force majeure clause? 2. What happens when an event is not covered by the force majeure clause? 3. What is the doctrine of frustration and which Indian statutory provision covers that? 4. What is the impact of the frustration of a contract? 5. Can commercial hardship be a ground to frustrate a contract?
EPISODE 9: There is an outbreak of COVID-19 in the world, declared as a global pandemic by the World Health Organization. This has affected over 180 countries resulting in severe market disruptions due to complete lockdowns in severly affected countries. Companies, businesses have been invoking force majeure clauses of their contracts. In this episode we are going to discuss: 1. What is a force majeure clause? 2. What happens when an event is not covered by the force majeure clause? 3. What is the doctrine of frustration and which Indian statutory provision covers that? 4. What is the impact of the frustration of a contract? 5. Can commercial hardship be a ground to frustrate a contract?
22 min