Tag: force majeure

Force Majeure Clauses and the Energy Sector during COVID-19

The consequences of the COVID-19 pandemic have been wide reaching, especially for the energy sector. It has, and continues to, experience unforeseen challenges to its daily operations. For example, closures, employees quarantining or self-isolating, and disrupted supply chains. These difficulties have only been exacerbated by unprecedented declines in oil prices. As a result, it’s reasonable to assume that many oil…

COVID-19: Getting Out of your Real Estate Contract

It’s no secret that the greater Vancouver housing market is an active one. However, given the number of transactions that were underway during the COVID-19 outbreak, it makes sense for contract-bearers to worry. A series of legal issues have risen, and continue to rise, regarding negotiating new transactions, transactions in progress, and lastly, transactions with binding contracts yet to close.…

How does COVID-19 Affect your Contractual Obligations?

Without a doubt, Canada is facing a significant slowdown due to the novel coronavirus or COVID-19. Businesses have shut down, international supply chains have been disrupted, international travel has slowed, and borders have closed. The pandemic has had, and will continue to have, unprecedented effects on the global economy. Ultimately, this will leave many individuals and businesses unable to follow…