Force Majeure & the Impact of COVID-19 on Trade Finance Transactions

Introduction Despite bursts of public health recovery in many countries and nascent hopes for a vaccine, the global economic outlook for COVID-19 continues to be dire, with the OECD predicting in June that GDP in 2020 would fall by at least 6.0%, and trade volume by at least 9.5%. One area of damage with particularly … Continue reading Force Majeure & the Impact of COVID-19 on Trade Finance Transactions