Yeah the timing of the “unexpected pandemic” clause in the China trade deal the Chicoms pushed real hard for makes this connection difficult to ignore. It’s just too convenient.
So that seems more like a natural disaster, general clause than a pandemic clause.
Also pandemics happen pretty regularly. There were pandemic bonds expiring this year already for the WHO because they regularly take investments that are paid back if one doesn't happen, because it's uncommon but not at all rare.
Yeah, these force majeure clauses are so normal that you usually don't even have to say it. The law already holds that performance is excused by "acts of god." However, when dealing with the Chinese it's often better to be super-explicit, just so they can't say we guaranteed to do something "come hell or high water."
Yeah the timing of the “unexpected pandemic” clause in the China trade deal the Chicoms pushed real hard for makes this connection difficult to ignore. It’s just too convenient.
Could provide a source on that? I hadn't heard about it and can't find any info.
Edit: Found some stuff:
https://www.wionews.com/world/trump-threatens-to-terminate-trade-deal-if-china-does-not-honour-it-citing-coronavirus-crisis-293972
https://www.reuters.com/article/us-usa-trade-china-phase-1-idUSKBN2000HL
https://www.americanthinker.com/articles/2020/05/chinas_pandemic_escape_clause.html
So that seems more like a natural disaster, general clause than a pandemic clause.
Also pandemics happen pretty regularly. There were pandemic bonds expiring this year already for the WHO because they regularly take investments that are paid back if one doesn't happen, because it's uncommon but not at all rare.
Yeah, these force majeure clauses are so normal that you usually don't even have to say it. The law already holds that performance is excused by "acts of god." However, when dealing with the Chinese it's often better to be super-explicit, just so they can't say we guaranteed to do something "come hell or high water."