Commonground
Senior Moderator
Xinhua| 2020-02-17 14:24:00
BEIJING, Feb. 17 (Xinhua) -- China has issued more than 1,600 force majeure certificates to shield companies from legal damages arising from the novel coronavirus disease (COVID-19) outbreak.
The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 certificates by last Friday for companies involving over 30 sectors, covering a total contract value of 109.9 billion yuan (about 15.7 billion U.S. dollars), said the CCPIT.
The certificate exonerates companies from not performing or partially performing contractual duties by proving they are suffering from circumstances beyond their control.
...http://www.xinhuanet.com/english/2020-02/17/c_138791495.htm
BEIJING, Feb. 17 (Xinhua) -- China has issued more than 1,600 force majeure certificates to shield companies from legal damages arising from the novel coronavirus disease (COVID-19) outbreak.
The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 certificates by last Friday for companies involving over 30 sectors, covering a total contract value of 109.9 billion yuan (about 15.7 billion U.S. dollars), said the CCPIT.
The certificate exonerates companies from not performing or partially performing contractual duties by proving they are suffering from circumstances beyond their control.
...http://www.xinhuanet.com/english/2020-02/17/c_138791495.htm