The Force Majeure Dilemma: Selecting the Right Legal and Financial Path During the COVID-19 Crisis
The cost of the coronavirus outbreak has been widely reported and the tragic consequences continue. It is not only health and safety concerns that can have a negative impact on people’s lives: the outbreak has nearly paralyzed the global markets, causing a panic that can potentially lead to haphazard business decisions and fallacious legal battles.
The cancellation of contracts has become a real risk and most businesses seem to believe that enforcing their force majeure clause is the easiest way out. Unfortunately, such hurried decisions can potentially cause further chaos, and lead to worse economic conditions and delays in market stabilization.
To that effect, our experts from Charles Russell Speechlys along with Grant Thornton UAE have jointly prepared legal and financial analysis to provide the UAE businesses with a set of guidelines to help navigate the current climate by encouraging communication between all parties, making the right legal and financial decisions, and choosing the right path to improve their liquidity within the legal bounds.
Our thinking
IBA Annual Conference
The IBA heads to Miami for its 2022 Annual Conference bringing together thousands hundreds of lawyers from around the world.
Jodie Martyndale-Howard
A New Era: English Language Litigation in the Kingdom of Bahrain
Over the past six months, there has been a significant shift in domestic litigation in the Kingdom of Bahrain.
Rebecca Davies
Islamic Finance News reports on the appointment of Rebecca Davies to Legal Director in our Middle East team
Islamic Finance News reports on the appointment of Rebecca Davies to Legal Director in our Middle East team
Peter Smith
Building the Case for Family Business Arbitration in the GCC Region
The GCC has one of the highest concentrations of family businesses anywhere in the world.
Ghassan El Daye
The Business Breakfast interviews Ghassan El Daye on the legal procedures surrounding international extradition
The Business Breakfast interviews Ghassan El Daye on the legal procedures surrounding international extradition
Glenn Bull
The balance between Fairness and Certainty in UAE Construction Contracts
Articles 106 and 390(20) arguably make the UAE more focused on fairness than some of its counterparts in the GCC.
Simone Sancandi
Sports Arbitration Rules and Roster of Dedicated Arbitrators
The Bahrain Chamber of Disputes Resolution publishes a brand-new set of Sports Arbitration Rules.
Sara Sheffield
Developments in the UAE
The rising strength of the United Arab Emirates as a commercial powerhouse has continued as the Covid-19 pandemic recedes.
Simon Green
International Bar Association quotes Simon Green on the future of the legal sector in Hong Kong
International Bar Association quote Simon Green on the future of Hong Kong's legal sector
Ghassan El Daye
Enforcement of Foreign Judgments 2022 - UAE
Ghassan El Daye and Ahmad El Sayed write for Lexology's Getting The Deal Through on the enforcement of foreign judgments in UAE.
Patrick Gearon FCIArb
Dispute Yearbook 2022
Bahrain has played an important role in the development of the international dispute resolution sector.
Patrick Gearon FCIArb
New era, new rules
In its first update since 2007, DIAC has unveiled a new set of arbitration rules this year.
Lesley O’Leary
Briefing publishes Lesley O’Leary 's comments on hybrid working and the impact on collaboration
Briefing publishes Lesley O’Leary 's comments on hybrid working and the impact on collaboration
Sara Sheffield
DFSA & Whistleblowing: Merely lip service to speak up will not be enough
On 7 April 2022, the DFSA became the first financial regulator in the UAE to implement a regulatory regime for whistleblowing (WB Regime).
Mark Hill
Mark Hill quoted in the Daily Mail discussing Ed Sheeran’s copyright court case win
Mark Hill quoted in the Daily Mail discussing Ed Sheeran’s copyright court case win
Max Davis
Minted: UK Treasury to produce NFT as Dubai Police release one for free
Peter Smith
The Abu Dhabi Global Market Courts: A Five-Year Appraisal
2021 saw the fifth anniversary of the first disputes registered before the Courts of the Abu Dhabi Global Market (the ''ADGM'').
Jodie Martyndale-Howard
From aluminium smelting by-product to making the desert green
Mark Hill
UAE Labour Law Update – The five big changes to note…
Federal Decree Law No. 33 of 2021 - The five big changes to note
Mazin Al Mardhi
Mazin Al Mardhi and Dana Marshad write for The Construction Disputes Law Review on developments to construction law in Bahrain
Mazin and Dana provide an update on the latest developments to construction law in Bahrain,