Sanctions and Force Majeure from an English Law Perspective
Article from: TDM 2 (2024), in Sanctions and International Arbitration
Abstract
Economic and trade sanctions are designed to disrupt trade and commerce and their imposition during the term of a contract will often require parties to reevaluate their ability to continue to perform their contractual obligations. When sanctions bite, parties often seek to excuse this non-performance by relying on a force majeure clause, which are commonplace in most contracts and are often broadly drafted to encompass sanctions imposed by government authorities. While force majeure clauses are typically drafted in relatively simple terms, there are several aspects of these clauses that ...