‘2018 US Russian sanctions found to be force majeure event in English law agreement’

“In a judgment concerning the 2018 US Russian sanctions, a force majeure clause in an English law agreement which required the use of ‘reasonable endeavours’ did not require a party to ‘sacrifice their contractual right to payment in US dollars’ and accept Euros instead …” (more)

[Justin Tan, Allen and Overy – Compact Contract, 17 March]

First posted 2022-03-18 13:30:26

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