Amid the ongoing COVID-19 pandemic there has been much
discussion of the utility and function of force majeure
clauses. Force majeure clauses are especially prevalent in
international commercial contracts. Many businesses incorporate and
adapt model force majeure clauses into their contracts,
including model clauses from the International Chamber of Commerce
(the "ICC"). As such, businesses1 that
use ICC clauses should be aware that in March 2020, the ICC
released updated versions of its model Force Majeure
and Hardship Clauses (the "new ICC Force Majeure and
Hardship Clauses"). These clauses were last updated
in 2003.
Below we have provided a brief overview of the force
majeure principle generally, and summarized the new ICC Force
Majeure and Hardship Clauses specifically, noting in particular any
changes from their predecessors.