Navigating International Contracts In NY During A Pandemic
In the months since having been declared a pandemic by the World Health Organization on March 11, COVID-19 continues to wreak havoc on commercial relationships across the globe.
Parties to international contracts facing impediments caused by COVID-19 have relied on force majeure as a refuge from their contractual obligations. Since the onset of the crisis, much has been written about whether the pandemic would fall within the boundaries of a typical force majeure clause.
But as COVID-19 persists and the world is forced to adapt to this new situation, how will reopening efforts and the protracted nature of COVID-19 affect international commercial contracts that are governed by New York law?