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China invokes ‘force majeure’ to protect businesses — but the companies may be in for a ‘rude awakening’
CNBC ^ | Huileng Tan; Emily Cheng

Posted on 03/20/2020 3:52:29 PM PDT by nickcarraway

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1 posted on 03/20/2020 3:52:29 PM PDT by nickcarraway
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To: nickcarraway

Bring production back to America.


2 posted on 03/20/2020 3:56:50 PM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: nickcarraway
Its funny, I was just thinking about"force majeure" this very morning.
3 posted on 03/20/2020 3:57:44 PM PDT by fhayek
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To: nickcarraway

That’s rich coming from Godless people.


4 posted on 03/20/2020 3:58:10 PM PDT by proust (Justice delayed is injustice.)
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To: nickcarraway

I may be ignorant of some basics, but, does contract law mean anything to a communist, or in a totalitarian system such as China, where rulers are used to ruling by decree?


5 posted on 03/20/2020 4:02:35 PM PDT by Dilbert San Diego
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To: nickcarraway

Be a damn shame if all those Chinese Generals looked around and saw their mansions and luxury cars going away.

They might want to throw out the communist Chinese government or something,


6 posted on 03/20/2020 4:03:22 PM PDT by blueunicorn6 ("A crack shot and a good dancer”)
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To: nickcarraway
This is one of those times when I don’t think force majeure is going to mean anything.

ENERGY COMPANY: “Hey, you agreed to buy X million gallons of aviation fuel per month for a price of $Y million. Where’s our payment?”

AIRLINE: “We don’t need it anymore. We’ve cancelled 75% of our flights. Can we discuss new terms?”

ENERGY COMPANY: “No. Now pay up.”

AIRLINE: “OK, then we are out of business. ‘Eff you. Bye.”

7 posted on 03/20/2020 4:10:44 PM PDT by Alberta's Child ("Oh, but it's hard to live by the rules; I never could and still never do.")
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To: Alberta's Child

ENERGY COMPANY: “You spent all your money on stock buy backs and executive bonuses”

AIRLINE: “Ummmmm.....”

ENERGY COMPANY: “Sell all that stock and claw it all back.”

AIRLINE: “Can we talk?”


8 posted on 03/20/2020 4:14:18 PM PDT by 2banana (My common ground with islamic terrorists - they want to die for allah and we want to kill them.)
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To: nickcarraway
This is why a lot of China invested and beholden politicians, financial/business and their dirtbag media propaganda pukes start defacating bricks when President Trump uses the term China Virus.

Force Majure clauses only apply to unanticiapatable and unavoidable acts of god such as earthquakes and hurricanes. Force Majure does not apply acts of negligence or fraud such as the Wuhan case where there was ample warning and Chinese government willfully and deceitfully covered up the existence of the epidemic and lied about it to the rest of the world. Furthermore, China refused to cooperate with outside health agencies such as CDC and refused to allow onsite inspections with disease control agents.

Even worse, China refused to quarantine and restrict travel so the knowingly and willfully spread the virus world wide.

Force majure will be denied by outside countries and China is in a financial world of deep do do. Bankruptcy of any western subsidiaries and potential banning of companies in arrears to contract judgements will shut fown their operations in foreign countries.

President Trump can shut them down with simple financial tools if he do chooses at his leisure

The back end of this fiasco is going be a bitch for China and Chinese companies when the time to settle up for Chinese lies and misconduct comes around

The propaganda dirtbags see the writing on the wall and they are panicking

9 posted on 03/20/2020 4:16:45 PM PDT by rdcbn ( Referentiail)
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To: nickcarraway
Thanks for nothing, ChiComs.


10 posted on 03/20/2020 4:19:33 PM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: nickcarraway

They’ll go to war before this is over. They’ve been used to having their own way with help from American traitors and oligarchs.


11 posted on 03/20/2020 4:20:43 PM PDT by dljordan
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To: nickcarraway

Just when America was getting back our businesses from China, we go and destroy them and China is growing theirs.


12 posted on 03/20/2020 4:32:23 PM PDT by CodeToad (Arm Up! They Have!)
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To: fhayek

Hopefully, you had plenty of toilet paper.


13 posted on 03/20/2020 4:46:22 PM PDT by moovova ("Socially irresponsible and irredeemable.")
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To: nickcarraway

Maybe we could do this with all our debt China is holding.


14 posted on 03/20/2020 4:56:51 PM PDT by Islander7 (There is no septic system so vile, so filthy, the left won't drink from to further their agenda)
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To: Dilbert San Diego

[I may be ignorant of some basics, but, does contract law mean anything to a communist, or in a totalitarian system such as China, where rulers are used to ruling by decree?]


Oddly enough, it’s one of the better markets in that respect outside of the West. That’s why so many companies have set up shop in China. The Chinese government will put its thumb on the scale for local companies/parties, but to a far lesser extent than say, Russia/India/Latin America/Indonesia/etc. That’s an important issue when you’re planning to plunk down large amounts of money on a plant that can’t easily be moved if employees/local business partners try to secure a judgment against you on spurious grounds, relying on local judges’/regulators’ natural preference for their compatriots over Johnny Foreigner.


15 posted on 03/20/2020 5:02:43 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: moovova

“Hopefully, you had plenty of toilet paper.”

One thing that is going to come out of this is that everyone will end up with a nice cushion of toilet paper. Production has increased to meet demand, like a capitalist society is supposed to do. When all this is over, we’re going to have warehoused stuffed to the brim with ventilators.


16 posted on 03/20/2020 5:04:16 PM PDT by Dogbert41 (Jerusalem is the city of the Great King!!!)
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To: Dogbert41
When all this is over, we're going to have warehouses stuffed to the brim with ventilators.

It's a happy thought!

17 posted on 03/20/2020 5:14:58 PM PDT by Fightin Whitey
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To: nickcarraway

The Governments are worse than the disease, they should just lock up the at risk and let the economy thrive.


18 posted on 03/20/2020 5:16:10 PM PDT by dila813
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To: fhayek
Its funny, I was just thinking about"force majeure" this very morning.

As was I just yesterday and even chatted with counsel!

19 posted on 03/20/2020 6:18:48 PM PDT by dodger
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To: nickcarraway

Yes. Dead Americans can’t buy from China. China will starve.


20 posted on 03/20/2020 6:21:57 PM PDT by familyop ("Welcome to Costco. I love you." - -Costco greeter in the movie, "Idiocracy")
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