Coronavirus and Force Majeure Contract Clauses

Coronavirus and Force Majeure Contract Clauses

Source: https://www.natlawreview.com/, March 3, 2020

It’s been a month since the Department of Health and Human Services (HHS) – declared a public health emergency due to the continued spread of COVID-19 (Coronavirus). News over this past weekend that several people in the United States are infected despite having no known connection to previous cases, so called “community spread,” is beginning to have a ripple effect on markets and leading to what seem to be ever-increasing travel restrictions. Supply chain disruptions are touching consumers all over the globe, and widespread media coverage is stoking general public fear, causing consumers to rethink travel, and businesses to consider canceling long-planned meetings and conventions. On Friday, Feb. 28, the 90th Annual Geneva Motor Show was cancelled after the Swiss government banned gatherings of 1,000 or more people, in the hopes of containing the spread of the virus. Speculation of moving or canceling the 2020 Olympics in Japan is beginning to swirl. Read more.

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