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FORCE MAJEURE SITUATION
Tenant or landlord: Who is responsible for repairs in a rented home? Here's what the law sayWho pays for repairs in a rented home? A leaking tap, damaged wall or broken fitting can quickly turn into a dispute between tenants and la...- 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
- 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...
- India to import 64 LT urea, 19 LT of other fertilisers in kharif season despite high global pricesIndia will import 64 lakh tonnes of urea and 19 lakh tonnes of other fertilisers for the upcoming kharif season. Global prices have doubled...
- Gulf states in limbo as US-Iran crisis drags onGulf nations grapple with war and peace as Iran's Strait of Hormuz blockade cripples energy exports. Infrastructure damage requires extensi...
- '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...
- Force majeure on ONGC Mozambique project liftedThe consortium, led by operator Total Energies, had declared force majeure in May 2021 and suspended construction work that began in 2019 o...
- Steel firms may use force majeure to call for fresh contractsForce majeure refers to an event that cannot be anticipated or controlled, and which makes execution of a contract impossible or impractica...
- 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...
- Govt extends deadline to fulfill contractual obligations by up to 6 monthsThe Expenditure Department, under the ministry, had in February said that COVID-19 outbreak in China would be considered a 'force majeure' ...
- Withdraw capacity charges on power utility, says Capt Amarinder SinghCiting the nationwide lockdown in place since March 24, 2020, Captain Amarinder said,” Due to imposition of restrictions on the operations ...
- Auto parts companies face late paymentsCar makers Renault and Nissan, top two-wheeler seller Hero MotoCorp, and the homegrown Eicher group have decided to go for ‘force majeure’ ...
- 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...
- How coronavirus may cause legal wranglesUnlike few nations where the term is coded in civil laws, the Indian Contract Act is silent on 'force majeure'.
- 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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