Monthly Archives: March 2018
From a dream to a business – one bank!
Do not miss your chance to get an exclusive package of banking services at a discount and take part in the largest women’s forum in Belarus.
All women are looking forward to the tender spring holiday on March 8th. Indeed, on this day they are surrounded by care and attention, warm words are spoken and, of course, they give gifts. Continue reading
Force Majeure Recognition Procedure
If, among the possible list of force majeure, the contract indicates “extraordinary circumstances”, “epidemics”, “actions of authorities”, “acts of authorities”, etc., this should be sufficient to initiate the procedure for recognizing coronavirus as force majeure and apply its consequences.
Schematically, the procedure may look like this:
1. A party for which it has become impossible to fulfill its obligations under the indicated circumstances shall be obliged to notify the other party of the occurrence of force majeure within the time limit and in the manner specified in the contract. Continue reading
Coronavirus is considered force majeure ?! How to foresee a contract or supply breakdown
The spread of the coronavirus COVID-19 officially received pandemic status, i.e. global epidemics. However, the effect for the business became obvious much earlier: companies faced with non-fulfillment of contractual obligations – disruption of schedules, non-payment, non-delivery, forced production downtime, etc. Continue reading
