This MWKA Online Talk was delivered on 15 April 2020 by Puan Sarah Kambali and Mr. Marcus Leong and moderated by Ms. Anis Mohd Sohaimi. Please visit https://mahwengkwai.com/talks-signup/ to register for upcoming talks.
OVERVIEW: Has the progress of your sale and purchase agreements been affected by the MCO? At the time of this talk, the MCO has been extended to 28.4.2020. Many sale and purchase agreements have force majeure and extension of time clauses. The common law principle of frustration of contract may also be applicable. In this talk, our lawyers will discuss how force majeure and extension of time provisions in sale and purchase agreements and the common law doctrine of frustration may be engaged in the context of the Covid-19 pandemic.
TOPIC: Force Majeure & Frustration of Contract in Sale and Purchase Agreements and Transaction
● The Meaning of Force Majeure and Frustration of Contract
● Parties Affected By The Current Movement Control Order (“MCO”)
● Time Is Of The Essence. Will Time Be Extended?
● Application In Case Laws
SPEAKERS: Sarah Kambali (Partner), Marcus Leong (Associate)
MODERATOR: Anis Mohd Sohaimi (Associate)
A copy of the talk slides in PDF format is available for download here.