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War, sanctions and force majeure: a trifecta of trouble for an oil supply agreement

A&O Shearman on 1/29/2024

The court has looked at a “hindrance” on paying a debt in the context of a force majeure clause and whether a sanctions clause or the general law of sanctions excused payment. Litasco, a Swiss company wholly owned by a...more

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War, sanctions and force majeure: a trifecta of trouble for an oil supply agreement

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