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World Financial Crises: Is this Force Majeure

By Charleston-Joseph Orbe
Created 12 Feb 2009 - 05:56
Submitted by Charleston-Joseph... on Thu, 2009-02-12 05:56
Dear All,

The current financial crisis is experienced worldwide. Projects programme for completion will not be completed or totally stop.

An example of force majeure delays include extraordinary economic disruptions.

Can we use the current World Financial Crises as extraordinary economic disruption? If yes, who will be able to claim: the contractor or the client.

Cheers
Happy Planning and Scheduling
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