Legal

ICC clauses – Force majeure

7 April 2020
Covid19 setback has brought “force majeure” to the forefront, a concept that the Italian legal system defines by deduction but that international trade practice regulates with some precision.
The International Chamber of Commerce has recently amended the contents of this provision offering two models: one in a simplified version (the “short form”).
Among others, new entries are new events presumed to be force majeure, to be adapted to the scenario at stake, taking into account new risks such as, for example, the #coronavirus emergency in the #supplychain, #logistics and #transport sectors.
Should you need to activate a force majeure clause, here is a link to Studio Corno website providing the standard forms  drafted by the local Chambers of Commerce of Milan, Monza Brianza and Lodi, Lecco and Como.

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Copyright 2021 Corno – Centro Terziario Avanzato s.r.l.
P.IVA 00947490967 | Capitale sociale: 100.000€ | C.F. 09206750151 | REA 1285358