As the coronavirus disease (COVID-19) advances across countries and affects not only physical health but also the economy, the consequences of manpower and supply shortages are producing a domino effect of force majeure notices, affecting companies at all points in the supply chain. While struggling to solve the supply challenges, companies must face the question: Who is going to cover the damage?
In this urgently relevant webinar, learn legal strategies for safeguarding your company from financial exposure and complex contract disputes, and for ameliorating the risks that arise from force majeure declarations.
Sidley lawyers Dr. Dorothee Schramm, Tai-Heng Cheng and Yan Zhang will host this informative debrief for companies at all stages of the supply chain, including:
- Companies that must declare force majeure due to the impact of COVID-19 on their own production or services.
- Companies that receive force majeure declarations from their suppliers.
- Suppliers that are sandwiched in the middle in the event that they receive force majeure declarations from sub-suppliers and must therefore declare force majeure themselves to their customers.
For more information, please refer to a recent Sidley Update on Managing Legal Risk From Global Supply Chain Disruption.
Dr. Dorothee Schramm, Partner, Geneva
Tai-Heng Cheng, Partner, New York
Yan Zhang, Partner, Hong Kong
For questions or more information, please click here to contact us.