The new war in the Middle East has given fresh relevance to the legal term “force majeure.” It’s a clause that can be found ...
Heightened geopolitical tensions across the Gulf region continue to create uncertainty for businesses operating in, or contracting with ...
During times of war, when circumstances outside of parties’ control interfere with commercial obligations, parties may turn ...
For decades, international trade and commerce has been directly affected by the impact of geopolitical realities, political ...
Several Gulf nations have declared force majeure on oil and gas shipment since the US-Israel’s war on Iran was launched.
Middle East conflict triggers force majeure declarations from Gulf energy producers like Qatar, Bahrain and Kuwait. Attacks ...
War-related events will not always constitute a force majeure event in the Kingdom of Saudi Arabia (KSA) – and there are ...
As tensions in West Asia disrupt oil and LNG flows through the Strait of Hormuz, Indian energy firms are invoking force majeure clauses to suspend contractual obligations amid rising maritime risks ...
The queries to invoke force majeure are rising after the US and Israel’s joint strikes on Iran evoked retaliatory missile and ...
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Deep Dive: What ‘Force Majeure’ Means And Why Gulf Countries Are Invoking It Amid West Asia Conflict
A legal term usually confined to corporate contracts has suddenly become central to the global energy crisis. As the conflict ...
The Bahrain Petroleum Company (BAPCO) on Monday officially declared force majeure on its petroleum shipments after an Iranian ...
When two parties negotiate a contract, they generally are more focused on a positive outcome than the "what-ifs" that might occur during the course of the relationship. While many contracts are placed ...
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