News
11 February 2020

China offers force majeure escape clause amid coronavirus crisis

Region:
Asia-Pacific

The Chinese government has come to the rescue of a car parts supplier facing potential legal action for failing to fulfil an overseas order because of the coronavirus crisis.The move came as the rapid spread of the disease heightens the risk of contractual defaults by the country’s...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Video
22 July 2026

Wartsila: ECAs need to up emerging market risk

TXF spoke with Andreas Back, Product Security Development Manager at Wartsila to outline the major challenges and opportunities for major EPCs tapping ECA support, as well as...

Perspective
24 July 2026

GCC: When ECAs hit the country ceiling

Fragmented Gulf procurement, tighter local liquidity, strained country limits and Saudi-scale ambition are forcing ECAs beyond the classic tied facility. Shopping lines,...