The novel coronavirus (COVID-19) is continuing to take its toll on public health and the global economy while at the business operational level, foreign companies under ongoing contracts with Chinese
COVID-19 Legal Series (2): How to Minimize Losses From Force Majeure Declarations
With business disruption caused by the emergence of COVID-19 and possible failure to deliver on contractual obligations on the part of Chinese counterparties, foreign companies doing business in China must consider their contractual liabilities in order to mitigate their potential risks. Scott Yu, Frank Jiang and John Jiang of Zhong Lun Law Firm examine the implications. The authors are grateful for the assistance of Emily Xu and Evy Wu in preparing this article.
By
Susan Mok