Shanghai masks. Photo: Qilai Shen
Experts are telling clients they have three options: grant the exemption, fight it in court, or negotiate a compromise.
February 12, 2020 at 06:10 PM
1 minute read
The original version of this story was published on Corporate Counsel
As China struggles to control the impact of the coronavirus on its residents and its economy, general counsel around the world are deciding how to deal with Chinese companies that seek emergency exemptions from their contracts.
China reportedly has already certified some 100 businesses to invoke so-called force majeure exemptions from contract duties, citing the coronavirus outbreak as a qualifying disaster.
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