This MWKA Online Talk was delivered on 27 April 2020 by Ms Cassandra Thomazios and Mr Tommy Wong. Please visit https://mahwengkwai.com/talks/ to register for upcoming talks.
OVERVIEW: What impact has the Movement Control Order (MCO) had on your business’ ability to fulfil its contractual obligations? Have others been forced to breach your contracts? The MCO currently set to last for at least six weeks has made it extremely difficult for many businesses to keep afloat and honour their contracts. Many are just waiting, but what will happen post-MCO? Our speakers identified the important clauses in a commercial agreement that may assist in the re-negotiation or dealing with non-performance in obligations of parties.
TOPIC: Dealing with the Impact of the Movement Control Order (MCO) on Commercial Contracts
TALK POINTS:
● Discussion on obligations of parties under an agreement
● Force Majeure clause
● Frustration of contract
● Termination of contract
● Re-negotiating contracts and its terms and conditions
● Supplemental agreements
SPEAKERS: Cassandra Thomazios (Senior Associate), Tommy Wong (Associate)
MODERATOR: Felicia Tang (Associate)
A copy of the talk slides in PDF format is available for download here.
