The invasion of Ukraine has prompted western democracies, including the European Union, UK and US, to initiate a raft of sanctions against Russian-owned companies, and prominent individuals closely associated with the Russian government and its leadership. These sanctions are having a far-reaching effect on the supply chain and business contracts across the globe.
As a result, scores of companies are no longer able to fulfil their contractual obligations. This has raised a series of questions: what does the inability to fulfil a contractual obligation mean within the legal position of the various parties? And can a party, whose operations have been disrupted, terminate an agreement or at least suspend its obligations?
We are pleased to share with you our Expert Guide to Force Majeure – Hardship in relation to Conflict and Sanctions.
Please click on your country chapter in the sidebar to learn more.
We hope you find the overview useful. If you require more detailed information about any jurisdiction, please turn to the CMS lawyers who are listed in the country chapters. Your CMS experts are happy to answer any further questions you may have.
With best regards,
CMS
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