Library
Termination and Force Majeure Provisions in PPP Contracts
Termination and Force Majeure Provisions in PPP Contracts - Review of current European practice and guidance, by the European PPP Expertise Centre (EPEC) and Allen & Overy, March 2013.
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Dealing with Change
Over the life of a typical PPP contract—10 to 30 years—developments will occur that could not have been predicted when the contract was signed. It is also likely that the parties will dispute…
Library
EBRD Covid-19 Response: Financial Restructuring and Insolvency Discussion Paper
Financial Restructuring and Insolvency Discussion Paper
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Sample Force Majeure Clauses
Example 1 - simple exampleThis is a simple example, with no distinction between political and natural events. It requires that payment obligations continue even in the case of Force Majeure. It…
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Force Majeure Checklist
What is force majeure?Certain events, beyond the control of the parties, may inhibit the parties from fulfilling their duties and obligations under the project agreements. To avoid the resultant…