France: ‘Force Majeure’ Can Be Declared Over Coronavirus in Contracts With Smaller Firms
“We are going to consider the coronavirus as a case of force majeure,” Le Maire told reporters, adding that he was currently sticking to his earlier forecast of a negative hit of 0.1 points to the French economy from the coronavirus outbreak. The term “force majeure” refers to unexpected external circumstances that prevent a party to a contract …
News story posted on 2020-02-28T12:22:00.0000000Z
