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Force Majeure


July 4, 2021, Amsterdam / Augusta – Hundreds of lives are lost in the central Mediterranean while humanitarian NGO ships are detained, warns Médecins Sans Frontières (MSF), as the Geo Barents becomes the last NGO ship to be immobilized by the Italian port authorities. MSF calls on the Italian authorities to quickly facilitate the release …

() said., a Nasdaq-listed lithium exploration and development company, has agreed to fully fund and accelerate the Ewoyaa lithium project in Ghana for $ 102 million. Under the deal, Piedmont can earn 50% of IronRidge’s Cape Coast Lithium (CCLP) portfolio, which includes the Ewoyaa project, in three stages. Piedmont will subscribe for 54.0 million shares …

As part of business continuity initiatives amid the protracted pandemic, leading pizza chain operator Shakey’s Pizza Asia Ventures Inc. has reshuffled its store to bring employees closer to their workplace and limit their time off. trip at 30 minutes maximum. With the implementation of this initiative called ‘Project Nerdy: Near and Ready’, seven in 10 …

By Alao Abiodun Yoruba Nation agitator Sunday Adeyemo, also known as Sunday Igboho, canceled the “Yoruba Nation” rally in Lagos following the attack on his house, The nation reports. This attack occurs a few hours at the planned rally in Lagos. The nation Pro-Yoruba Nation agitators, including the umbrella organization of Yoruba Self-Determination Groups, Ilana …

This morning in the metals news: as provided for in the United States-Mexico-Canada (USMCA) agreement, the USMCA Labor Council met for the first time; meanwhile, the Energy Information Administration has reported potential power disruptions this summer; and, finally, Rio Tinto declared a case of force majeure in one of its operations. MetalMiner’s Best Practices Library …

Liquefied natural gas, LNG, from abundant production in the United States, has become attractive to a wide range of customers in the Atlantic and Pacific basins. Demand for crude oil and commodities fell during pandemic lockdowns, which is reflected in these US exports (Figure 1). In contrast, US LNG exports were broadly buoyant and reached …

The Spanish Treasury Department “gets rid” of 1,500 returns after the ERTE system collapses. image: Wikipedia The Spanish Treasury Department “gets rid” of 1,500 returns after the ERTE system collapses. In the coming months, the State Public Employment Service (SEPE) will eliminate 1,500 trainees who provided emergency assistance in the management of benefits for the …

INTRODUCTION With the aim of informing monetary interventions and better understanding the market dynamics in Libya, the Joint Market Surveillance Initiative (JMMI) was established by the Libya Cash & Markets Working Group (CMWG) in June 2017. The initiative is led by REACH and supported by members of the CMWG. It is funded by the United …

COVID-19 continues to have a major impact on all aspects of our lives. Mergers and acquisitions are no exception. Business and market changes due to the pandemic are likely to impact our interpretations of common terms in merger agreements – such as material adverse change (“MAC”), material adverse event (” MAE ‘), force majeure and …

To say that most businesses were unprepared for the COVID-19 (coronavirus) pandemic would be an understatement. Although several countries have lived and learned from the SARS and swine flu epidemics, no one was really prepared for what 2020 had in store. American citizens had not experienced anything like it since the 1918 Spanish flu pandemic. …