Influence of Covid-19 Pandemic on the Issue of Compensation for Damages Caused by Breaches of International Commercial Contracts
- DOI
- 10.2991/assehr.k.201105.023How to use a DOI?
- Keywords
- Compensation, compensation of damages, breach of contract, commercial contracts, international commercial contract, commercial law, Covid-19, pandemics
- Abstract
The covid19 pandemic not only affects the global economy but also causes damage to human health and life. Learning and understanding about the impact of the Covid-19 pandemic always been the subject of many scientific publications. This article will analyze the effect of the Covid-19 pandemic on the compensation of damages caused by a breach of international commercial contracts, the paper will also analyze the appropriate arguments to accept pandemic Covid-19 as a “force majeure event” leading to damage. It shall state the remarks, comments, and contributions legally to improve the legal system to decide similar future problems. By using methods of analysis, proof, comparison, and synthesize information, the paper will prove that Covid-19 pandemic has a big influence, and is the cause of the loss of many commercial contracts. The paper also considers that Covid-19 is a force majeure event and emphasizes that the legal system should have more specific provisions on dealing with the damage caused by the epidemic. The paper will also provide suitable solutions to improve the legal system to resolve disputes between parties when they need to compensate for damages caused by an epidemic.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Ly Luc Thi PY - 2020 DA - 2020/11/06 TI - Influence of Covid-19 Pandemic on the Issue of Compensation for Damages Caused by Breaches of International Commercial Contracts BT - Proceedings of the Research Technologies of Pandemic Coronavirus Impact (RTCOV 2020) PB - Atlantis Press SP - 119 EP - 123 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.201105.023 DO - 10.2991/assehr.k.201105.023 ID - LucThi2020 ER -