The Russian military’s invasion into Ukraine and the resulting economic sanctions imposed by various nations against certain Russian entities and individuals have, among other things, created volatility and uncertainty in the economic markets. This economic uncertainty has forced many companies, lenders and investors to seek guidance on their legal rights with respect to certain contractual obligations, especially in these key areas:
- Force Majeure Clauses
- Frustration of Purpose Doctrine
- Impossibility and Impracticability Defenses
- Discharge of Contracts Requiring Performance That Is No Longer Legal
- Material Adverse Event Provisions
- Know Your Customer and Anti-Money Laundering Requirement
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