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FORCE MAJEURE EVENT
India has 60 days of crude oil, 60 days of Natural Gas & 45 days of LPG rolling stock: CentreIndia is launching a national mission to conserve fuel amid global energy market turmoil. The government assures citizens of robust energy ...- Bundled vs standalone travel insurance: Which works best for your trip? Comparing costs, coverage, and claimsSince both serve specific purposes and needs, pick the one that suits your travel itinerary and circumstances
- Road projects under hybrid annuity model have stable credit risk despite execution delays: CrisilIn India, a wave of road construction projects is hitting snags, primarily due to the complexities of a hybrid annuity model. While this ha...
- India looks to boost LNG tank capacity as Qatar supplies stallIndia imports about half of its natural gas requirement, which is used to generate electricity, make fertiliser, convert into CNG to run au...
- Force majeure enabled for 'war'-hit contracts: Govt procurers to grant case-by-case extensions, only for firms that hadn’t defaulted by Feb 27The finance ministry has authorized force majeure for govt contracts impacted by the West Asia conflict, treating it as war. This offers re...
- West Asia crisis: Drone industry lauds govt's no-penalty relief for disrupted contractsThe Indian drone industry has received timely relief. The government has recognized the West Asia situation as a Force Majeure. This allows...
- 'Iran war energy crisis worse than 1973, 2022 combined,' says EU’s Energy Chief Dan JørgensenEurope is bracing for prolonged high energy prices. The Iran conflict has severely damaged vital gas infrastructure in Qatar, with recovery...
- MSMEs seek force majeure relief amid Gulf war disruptionsSmall businesses supplying the government are seeking relief from contract penalties. They want the Centre to invoke force majeure due to g...
- What does force majeure mean? Why Bahrain’s Bapco declared it amid rising crude oil prices and can it disrupt the global oil supply?Bahrain's state oil company, now under Bapco Energies, has declared force majeure for its shipments after an Iranian attack set its refiner...
- NHAI assures fuel, bitumen supply for developers amid Middle East tensionsHighway developers received assurances from NHAI regarding essential material supply. The ongoing Middle East conflict raises concerns abou...
- Gujarat Gas shares crash 7% after force majeure notice as US-Iran war enters day sixGujarat Gas share price: Gujarat Gas shares plunged 7% after it issued force majeure notices to industrial customers as the US-Iran war dis...
- Word of the day: Force MajeureForce majeure is a legal term used in business contracts. It talks about sudden and uncontrollable events like war, floods, earthquakes, or...
- Petronet LNG shares crash 8% after issuing force majeure notices amid Middle East hostilitiesPetronet LNG crashed 8% after it issued a force majeure notice to QatarEnergy due to supply disruptions from Middle East hostilities, preve...
- In crypto world, the hacker is GodWhen a cyber villain affects a system, it's as unstoppable as an earthquake or pandemic. Traders, for example, who have had their cryptocur...
- 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...
- State discoms end Force Majeure period, restart power purchasesHowever, private power companies have started exploring legal options to contest non-payment of fixed charges by states for about 60 days o...
- Adani Power says it falls under 'composite scheme'The promulgation of Indonesian Regulation and non-availability/shortfall of domestic coal are force majeure event and remanded the matter t...
- A force majeure clause is quite critical in commodity contractsThe event and the causal connection must be outside the control of the parties and should typically be seen as ‘unforeseeable’ and ‘impossi...
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