Reassessing Contract Rights

For customer and supplier relationships that could be impacted, it is once again time to get out those contracts to see: (a) whether the contracts contain a force majeure provision; (b) whether the force majeure provisions cover events such as war, embargoes, etc.; and (c) assess whether the force majeure clauses provide termination rights and what the associated notice requirements are. 

Biden says U.S. and allies making Putin’s war funds ‘worthless’; defiant Zelenskyy says ‘we fight’

Ukrainian President Volodymyr Zelenskyy spoke to U.S. President Joe Biden about efforts to curb Russian aggression, after his latest appeal to EU lawmakers to allow Ukraine to join the 27-member bloc.

His outreach comes as fighting continues in several Ukrainian cities and a huge Russian convoy heads toward the capital, Kyiv. Ukraine’s government said a strike took out a TV tower in Kyiv.

Meanwhile, Western diplomats and ambassadors walked out of a U.N. Human Rights Council meeting on Tuesday when Russian Foreign Minister Sergey Lavrov’s pre-recorded address began to play. A number of officials at the meeting condemned Russia’s attack on Ukraine as a violation of international law.