COVID-19 a Force Majeure event justifying termination of lease deed: Arbitral Tribunal

COVID-19 pandemic has upset the very foundation upon which he parties entered into the lease deed, the Tribunal said that it declared the termination of lease valid and sustainable.
Force Majeure Contract
Force Majeure Contract

A three-member arbitral tribunal has ruled that COVID-19 is a Force Majeure event which justified the termination of a lease deed.

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