Gateway House: Indian Council on Global Relations's video: Gateway House Webcast: Invoking Force Majeure amidst COVID-19

We hosted Bharat Bhise, CEO and founder, Bravia Capital; Greg Falkof, Partner Eversheds Sutherlands; Rutvik Patel, Head – Legal and Corporate Affairs, TBEA Energy (India) Pvt Ltd and Ambika Khanna, Senior Researcher, International Law Studies Programme, Gateway House. Force Majeure is a mighty legal tool for countries and companies reeling from the severe economic impact of COVID19 but has not received subsequent attention in contracts. The French phrase meaning ‘superior force’, is the legal equivalent of an Act of God, and provides relief in contracts in unforeseen situations. Companies everywhere are scanning their contracts for force majeure clauses, looking for ways to mitigate losses. Can they? The panellists discussed disruptions in supply chains due to COVID19, how businesses are coping with contracts affected by COVID19, and the future of contracts and businesses with respect to force majeure.