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THAILAND: COVID-19: Force Majeure in Commercial Transactions in the Current Situation
The COVID-19 pandemic has caused a substantial impact on business operations in many industries. As the performance of contractual obligations becomes increasingly difficult, contractual parties should consider the potential legal impact and effect of the outbreak on their commercial contracts and agreements. A frequently asked question is what will happen to contracts and whether or not the performance of obligations can be delayed or suspended or would the parties be liable for losses in any event. In assessing these issues, parties should focus on force majeure clauses and how these apply to their contracts, and the options available in the absence of such contractual provisions. In this Update, we take a look at the rules of force majeure under Thai law, and whether it can be invoked in light of the pandemic.
Thailand | Contracts & Force Majeure | 17 April 2020List show all articles in Thailand - Contracts---Force-Majeure Subject Matter. Click here to see recent 5 articles.