Frustration of Contracts: Emerging Markets, Civil Unrest, Political Change
International law firm Eversheds offers a free on-demand webinar on the use of contract law in emerging markets during a time of unrest and political upheaval.
On its website, Eversheds says emerging markets hold opportunities but carry greater risk. Those risks include political change, civil unrest/instability, supply chain/contractor issues, sanctions, and an immature/unreliable legal system.
Contract law issues in this environment include the doctrine of frustration and force majeure clauses.
These risks can be minized at the contract drafting stage, the firm says, through investment structuring and proper drafting of contractual provisions.