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COVID CLAUSE
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...- Saving supply chains from climate shocks is a lure for investorsCompanies are increasingly focused on supply chain resilience. This trend is expected to continue, offering new opportunities and protectin...
- Could cruise ship passengers sue over the hantavirus outbreak?Travelers on the MV Hondius find themselves with few legal recourses following a hantavirus outbreak. Oceanwide Expeditions, the company be...
- DEA notifies FDI easing for foreign cos with up to 10 pc Chinese stake under FEMANew rules allow overseas firms with up to 10 percent Chinese ownership to invest in India automatically. This applies to sectors open for f...
- WTO needs to look at farm subsidy issue with open mind: Nirmala SitharamanSpeaking at the Asian Development Bank (ADB) Governor's seminar on 'Policies to support Asia's rebound', Sitharaman said sooner a solution ...
- Budget 2022 proposes to notify income tax reliefs for CovidBudget 2022 has clarified that money received by individuals either as one-time ex-gratia from an employer or for treatment of covid-19 wil...
- No celebration under the big tree: How Covid-19 is putting a dampener on Christmas Eve again around the worldHoliday travel was dealt a blow when major airlines canceled hundreds of flights amid staffing shortages.
- Covid call: India wants WTO to consider 'escape clauses'New Delhi asserted that any WTO response to pandemic without the waiver from Trade-Related Aspects of Intellectual Property Rights (TRIPS) ...
- Escape clause to avoid disputes in pandemic, global response system with other agencies key: India to WTONew Delhi has also said that the WTO, along with other international organisations, needs to put in place a pandemic response system, that ...
- Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdownsAmid last year’s nationwide lockdown and this year’s local lockdowns, retailers and restaurants have taken a massive hit, facing closure of...
- Covid-19 vaccine: Moderna offered legal indemnity, but with ridersThe proposal, which has been further sent to Moderna, will be taken up by its board of directors and once approved, will allow immediate im...
- Covid vaccines: Indemnity Issue, here's everything to know about itIndian contract law defines indemnity as: “A contract by which one party promises to save the other from loss caused to him by the contract...
- Force Majeure: How successful has the law been post Covid in IndiaLaw relating to force majeure is quite settled and one requirement of law that when the contract itself provides for the force majeure and ...
- What is force majeure? The legal term everyone should know during Covid-19 crisisThe term that has assumed relevance in contractual context today for businesses is “force majeure”.
- How and when the force majeure clause can protect financial contractsThe force majeure clause includes the phrase ‘act of god’ to mean situations that are uncontrolled by human intervention and could not have...
- Beds for COVID-19 patients in Delhi to increase by 5000: CM KejriwalDelhi Chief Minister Arvind Kejriwal on Sunday said the bed strength in the national capital for treating coronavirus patients will increas...
- Covid 19: Private hospitals use ‘other’ clause to test all patientsBefore any procedure, private hospitals are now conducting RT-PCR confirmatory test for Covid-19. Indian Council of Medical Research (ICMR)...
- Home ministry's lockdown clause makes firms nervous about getting back to workMany fear the punitive clause will give the police and authorities a lever to harass them.
- Amid uncertainty, startup investors may exercise liquidation preference clauseAnalysts tracking startups pointed out that many startups were already facing stress and several of them had even kick-started the process ...
- Force majeure clause won't apply to coronavirus death claims in life insurance policiesThe Council also confirmed that the clause of ‘Force Majeure’ will not apply in case of COVID-19 death claims. This step was taken to reass...
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