Some countries have force majeure
defined in law, and some do not.
The seminal authority on the interpretation of force majeure
clauses in Canada is the 1975 Supreme Court of Canada decision in Atlantic Paper.
Eddie Izzard brings Force Majeure
to the ECHO arena on May 5.
Because events of Force Majeure
can give rise to termination rights, a purchase agreement or tolling agreement should clearly specify what events do and do not constitute events of Force Majeure
, how long an individual event (or several events in the aggregate) must continue before termination rights arise, and whether a partial impact such as an inability to take or supply a portion of contracted-for quantities due to Force Majeure
gives rise to termination rights.
The assumption here is that all contracts which were valid during the Libyan revolution contained a force majeure
Eddie Izzard Force Majeure
, Echo Arena, Liverpool, May 5, 2013, echoarena.
In October, Sonde North Africa lifted the force majeure
and resumed its work.
The IK says that failure to deliver materials cannot in general be classed as force majeure
unless the failure of delivery is caused by an act of God.
The plant owned by Bunge declared force majeure
on deliveries for the next three months and that is quite a lot of rapemeal, which has to be covered plus the fact that we are at the end of the season, which does not make it all that easy," one broker said.
But the 11th Circuit reversed that decision, ruling there was plenty of justification for the force majeure
Shell declared a force majeure
on Tuesday - a legal clause allowing producers to miss contracted deliveries because of circumstances beyond their control - for the remainder of July, August and September.
The Dow Chemical Company, Midland, MI, declared force majeure
for vinyl acetate monomer (VAM) effective September 3 through approximately the end of October.