Category:

Health

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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