The article discusses how modern conflicts disrupt global trade and financial systems, emphasizing the need for robust legal frameworks. It highlights the importance of force majeure clauses, insurance considerations, and arbitration in managing contractual disputes. Contracts should address geopolitical risks, ensuring compliance with sanctions and effective risk allocation to mitigate uncertainties.
The article was authored by Dheeraj Nair, Partner; Angad Baxi, Principal Associate; and Aparna Singh, Associate, and was published in The Hindu BusinessLine.
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Dheeraj is a Partner with JSA since 2009. Dheeraj has over two decades of experience advising and representing clients on complex arbitrations, litigations and regulatory proceedings.