• 63: 'Coronavirus a pandemic’ How it affects business & the global economy

  • Mar 12 2020
  • Length: 8 mins
  • Podcast

63: 'Coronavirus a pandemic’ How it affects business & the global economy

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  • Summary

  • The World Health Organization has characterized the coronavirus outbreak as a ‘pandemic’. This holds grave implications for both business and the global economy. Of particular concern is the fate of contracts. Insurers, for example, may invoke force majeure provisions and refuse to honour claims given the unexpected turn of events that has affected a vast number of people. 
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