COVID-19 has imposed a series of adverse impacts on shipping and world trade, ranging from the relatively minor to the extraordinarily serious.
Shipping Australia has produced a special report on the COVID-19 regulatory, financial market, and legal matters relevant to shipping and trade. It can be found both in the latest edition of the “Shipping Australia” magazine and we’ve also extracted it (below) for your convenience.
Regulatory impacts
In the first article in our special report, Shipping Australia explains how COVID-19 regulations affected shipping, seafarers and the Australian supply chain.
Financial and markets impacts
In our second article, foreign exchange partner Paul Bettany discusses the novel coronavirus in relation to government fiscal policy, central bank monetary policy, equity markets and debt. It’s insightful and well worth your time.
Law matters: force majeure
Finally, lawyers at Holman Fenwick Willan discuss force majeure contract terms in respect of pandemics. As force majeure clauses allow contracting parties to suspend or excuse performance of their obligation and as such clauses are found in maritime and trade contracts, it’s a pretty relevant read right about now.
