PHD Chamber organizes a webinar on “COVID-19: Contracts, Force Majeure and Commercial Aspects of the Law in Lockdown”
April 10, 2020
PHD Chamber organizes a webinar on “COVID-19: Contracts, Force Majeure and Commercial Aspects of the Law in Lockdown"
PHD Chamber of Commerce and Industry, organized a Zoom Interactive Session today on “COVID-19: Contracts, Force Majeure and Commercial Aspects of the Law in Lockdown.” The online interactive session was attended by over 500 delegates across the country and also by a few foreign delegates.
The objective of the interactive session was to understand the legal aspects on the future of commercial contracts in the nationwide lockdown situation arising due to the pandemic COVID-19 situation.
Keynote speaker Justice Sanjeev Narula, Hon’ble Judge, Delhi High Court, in his deliberation clearly stated that the reliefs sought by parties under the doctrine of Force Majeure can not be generalised and will be dealt by the courts of laws on a case to case basis, after thoroughly analysing the basis of arguments. He also threw light on the current legal provisions available in the Indian Law, which relates to the current scenario, mainly the Doctrine of Contingent Contract and the Doctrine of Frustration.
Justice Narula also cited the examples of few case laws and emphasised that the law evolves according to the situation and will evolve in the current situation as well to keep the balance between equity and justice.
Mr. Sanjay Aggarwal, Senior Vice President, PHD Chamber, after delivering the welcome remarks emphasised on the problems that the industry might face in the form of increased number of litigation. He also enquired on the measures that the Government or the Hon’ble Courts might take in the form of abbreviated procedure for mediation and litigation arising out of the COVID-19 situation.
Mr. Amir Z Singh Pasrich, Chair, Law and Justice Committee, PHD Chamber and Mr. Abhijit Joshi, Founding and Managing Partner, Veritas Legal, deliberated on the issue and addressed the questions raised by the delegates.
PHD Chamber of Commerce and Industry