We are pleased to invite you to a live webinar, focussing on an issue we expect to move rapidly to the forefront of long-term trading relationships: defaults in long-term sale and purchase contracts.
Following our recent discussion on force majeure, escalating developments in and around the Strait of Hormuz mean that market disruption is no longer a theoretical risk. As supply chains tighten, costs rise and performance becomes increasingly difficult or uneconomic, defaults under long-term contracts are likely to follow in short order. Parties should now be preparing for how these defaults may arise, how they will be characterised and how disputes may play out.
Against this backdrop, this timely session will explore the legal and commercial consequences of default in long-term contracts across the energy, commodities and shipping markets and how parties can best protect their positions as events continue to unfold.
The webinar will be run by Sumeet Malhotra, Singapore Partner and Global Head – Commodities and International Trade Sector Group, who will share practical insights drawn from live market issues and dispute trends.
This is a live and interactive session, including a dedicated Q&A where you can raise questions directly.
The session will cover:
- the Strait of Hormuz situation and why force majeure is only the beginning;
- how and when force majeure scenarios may translate into contractual defaults;
- anticipating default risk in long-term sale and purchase agreements;
- termination rights, damages exposure and strategic considerations;
- managing dispute risk and preserving commercial leverage; and
- interactive Q&A.
We very much hope you can join us for what promises to be a timely, focussed and practical discussion. Please register via the ‘Register your interest’ link above.
Should you have any queries please email events@wfw.com.
