News

  • ICC has updated its Force Majeure Clause to Include Epidemic!

    • Thursday October 15th, 2020
    • Posted by: EQUITAS
    • Category: Articles, COVID-19, News
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    Force Majeure is a French phrase commonly used in commercial contracts to describe exceptional circumstances or events affecting the contract, parties obligations  and that are completely outside the parties’ control. Such events may include, acts of God, war, strike, epidemic, riot etc. Black’s Law Dictionary describes force majeure as ‘ An event or effect that

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  • Singapore Convention of Mediation Enters into Force

    • Monday October 12th, 2020
    • Posted by: EQUITAS
    • Category: Articles, Mediation, News
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    The Convention of Mediation Enters into Force  On 12 September 2020 the Singapore Convention entered into force, at a digital celebration organised by the Singapore Ministry of Law and UNCITRAL. Last year on the 7th of August the Convention, also known as the United Nations (UN) Convention on International Settlement Agreements Resulting from Mediation, was

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  • ICC Model Turnkey Contract 2020 Revision Published

    • Thursday August 13th, 2020
    • Posted by: EQUITAS
    • Category: News
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    The  International Chamber of Commerce (ICC) has recently revised its Model Turnkey Contract for Major Projects. This model contract has been around for over a decade, and the ICC states that with this form it aims to provide a balanced contract with a swift and effective dispute resolution; 'The aim of ICC in producing this
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