How Protected Are You Really? Demand Bonds and Force Majeure Developments

Join the DIFC Academy and Monkton Chambers for a CLPD-accredited session on Demand Bonds and Force Majeure Developments.

On this engaging session, Ewan and Francis will discuss two recent cases (RTI Limited v MUR Shipping and Shanghai v Reignwood) and how they have critically changed the English law landscape regarding client protection in the areas of (a) force majeure clauses; and (b) guarantees/demand bonds.

You will learn:

• how the English courts now construe “reasonable endeavours” wording in force majeure clauses; specifically, whether “reasonable endeavours” require the defaulting party to agree to non-contractual performance; and
• how the Courts have taken a more purist approach to construction of guarantee instruments.

The talk will enable you to advise your clients with greater clarity following these seminal judgments from the Supreme Court and Court of Appeal, respectively.