COVID-19 has been declared a pandemic and parties are likely to resort to force majeure in case of any impossibility towards performance under a contract. However, in absence of a force majeure clause in a contract, the parties may resort to the frustration of the contract under section 56 of the Indian Contract Act in India.
Watch this video by our Corporate Partner, Arjun Anand, and Dispute Resolution Partner, Vikas Goel in an interesting discussion on Covid-19, Force Majeure Clause, and what is the possible recourse in absence of Force Majeure Clause in commercial contracts.
Visit our website: [ Ссылка ]
[ Ссылка ]
Visit our blog: [ Ссылка ]
