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Coronavirus leads companies with supply chain disruptions to invoke ‘Force Majeure’

-Force majeure refers to unexpected external circumstances that prevent a party to a contract from meeting their obligations.

-The underlying event must be unforeseeable and not the result of actions undertaken by the party invoking force majeure. Natural disasters, strikes, and terrorist attacks can all be force majeure events.

-Declaring force majeure may allow a party to a contract to avoid liability for nonperformance.

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Etiqa Insurance Singapore protects customers with Financial Assistance Benefit amid COVID-19 Outbreak

Staying committed to their mission to make the world a better place, the Etiqa Insurance Singapore will provide hospitalisation benefits of S$100 daily (up to 10 days) for patients in stable condition and S$200 daily (up to 5 days) for those in the Intensive Care Unit (ICU), including a lump sum payment of S$50,000, in the event of death, as a result of the COVID-19 viral infection.

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Jharkhand Cabinet approves proposal to grant up to Rs 5 lakh for treatment of critical diseases

committee headed by a civil surgeon at the district level has given the power to approve the amount of any beneficiary after obtaining guidelines from the hospital concern. Upon approval, the amount would be given to the hospital through RTGS or bank draft,” he said.
An MLA or his or her representative will be one of the members of the committee, he said.

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