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Commercial Court finds that economic downturn does not constitute force majeure

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • March 31 2010

In Tandrin Aviation Holdings Ltd v Aero Toy Store LLC 2010 EWHC 40 (Comm), Mr Justice Hamblen awarded summary judgment against a party who sought to argue that the stark change in market conditions triggered a force majeure clause