Casper Sek of Jin Mao Partners discusses the use of electronic contracts, and their validity and appropriateness for businesses during the coronavirus outbreak
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.
Global legal community rallies to support COVID-19 hit businesses with expert advice; China approves first foreign-owned asset management company following trade deal; and more measures introduced to kickstart faltering economy