By Emily Gakiza and Timothy J. Mutungi COVID-19’s potential economic danger is much stronger than its health risk to the public. China is the world’s largest exporter and is responsible for a third of global manufacturing, so China’s problem is everyone’s problem. Is COVID-19 a force majeure event? Companies may be considering whether the COVID-19 outbreak constitutes a force majeure event such that a party is excused from its contractual obligations. Most standard commercial contracts usually include force majeure clauses that cater for events such as war, terrorism, earthquakes, hurricanes, acts of government, plagues or epidemics. Where the term epidemic,…
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