Dr. Lauri Railas, University of Helsinki & Railas Attorneys Ltd.
Force majeure in the sale of goods and COVID-19 logistics – Legal and commercial implications
In his article, Dr. Railas takes a look into the legal side of the logistics problems caused by the Covid-19 pandemic. The purpose is not to indulge the legal profession or scholars with a thorough analysis of the intricacies of the subject but to introduce the subject to a more general academic audience within the spirit of studia generalia.
Force majeure refers to a superior force. It is a legal term topical in such extraordinary events or circumstances in which the parties are uncapable to fulfill their liabilities. “[I]ts meaning and effects may vary from jurisdiction to jurisdiction. Generally, the performance of a party’s obligation under a contract is suspended, i.e. deferred to a later stage, and contractual remedies, essentially the obligation to pay damages, may not be invoked.”
Download the 13 page pdf-document here.