It is imperative to examine the position of law relating to the terminability and/or suspension/relaxation of contractual obligations. wherein parties may be unable or unwilling to perform contractual obligations owing to circumstantial hinderances. In this backdrop, it is imperative to examine the position of law relating to the terminability and/or suspension/relaxation of contractual obligations. (i) contracts containing force majeure clause; and (ii) contracts without force majeure clause. Reliefs may vary in nature, including condonation of delay in performance of contractual obligations and extension of deadlines to meet fiscal obligations.

Source: The Telegraph June 22, 2020 06:00 UTC