We talk with Jason Chang, Of Counsel at DLA Piper, on what international companies should know about force majeure in the current situation.
3:00 - What is force majeure?
5:28 - Are force majeure clauses always in contracts and what’s standard?
8:48 - What if the contract is silent on this issue and how does governing law matter?
11:26 - Force majeure often doesn’t totally excuse the party to perform the contract
14.16 - Chinese trade association issuing force majeure certificates now, what value do these have?
17:50 - How should foreign companies be preparing now for Chinese companies potentially using a force majeure clause in their contracts?
Bonus questions:
23:55 - A lot of parents in China, expats, etc., sending their kids to private schools in China which can’t open. What can they do?
31:18 - What kind of personality do you need to have to handle sticky issues like force majeure cases and compliance issues generally as a lawyer?