Force Majeure in the Conditions of Martial Law. Online conference
The concept of force majeure under Ukrainian law is not a release from contractual obligations, but a release from liability in case of non-fulfillment of the contract. That is, force majeure as a general rule can protect against fines, but will not exempt from the need to fulfill such an agreement.
On February 28, 2022, the Ukrainian Chamber of Commerce and Industry published letter No. 2024/02.0-7.1, in which it confirmed force majeure circumstances caused by the military aggression of russia against Ukraine. This made it possible for companies to notify counterparties of force majeure without the need to apply to the CCI of Ukraine for an individual certificate.
However, today, when the war has lasted for more than half a year, when businesses and the economy are adapting to work in wartime, this document should not be considered as a magic pill that will automatically confirm force majeure under any contract.
EBA Management Development Centre together with LCF Law Group invites you to take part in the Online Lecture: Force Majeure in the Conditions of Martial Law.
Speakers:
Sergiy Benedysiuk, partner, head of corporate, M&A and antitrust practice at LCF Law Group, attorney at law.
Iryna Kobets, counsel, head of dispute resolution practice at LCF Law Group, attorney at law.
Topics to be discussed:
- General letter of the Ukrainian Chamber of Commerce and Industry of Ukraine: is it sufficient to certify force majeure.
- Actual judicial practice of force majeure.
- Amendment or termination of the contract due to force majeure.
- Force majeure in the lease relations.
- Force majeure in credit legal relations.
- Force majeure in foreign economic activity.
- English law and force majeure.
Other news
