Economy still stifled despite positive signs indicating success in containing virus; record issuance of force majeure certificates to Chinese businesses disrupted by epidemic; and JP Morgan indexes begin Chinese government bond inclusion
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.
Fang Qi of Fangda Partners examines how companies can deal with their contractual obligations during the coronavirus outbreak that has undoubtedly wreaked havoc on business operations and affected contractual relationships for many entities.
Experts are telling clients they have three options: grant the exemption, fight it in court, or negotiate a compromise. [The original version of this article was published on Corporate Counsel.]
Lauded as a game-changer for the industry, the new interim measures arrangement between mainland China and Hong Kong courts has scored its first success just days after it came into effect.
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