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Force Major Circumstances

Force Major Circumstances



Force Major Circumstances are the extraordinary events which are unforeseen and insurmountable. These circumstances do not depend on the actions of market participants and their will. As a result, the appearance of force majeure, the parties may be unable to meet its earlier commitment. Force majeure are rare, but they must be taken into account when drawing up partnership agreements.
- Extreme weather event: earthquakes, tsunamis, fires, floods;
- start of hostilities;
- acts of terrorism;
- the actions of state authorities;
- Illegal actions in relation to trading servers, such as hacker attacks;
- closure of any market or suspension of work;
- stopping the service delivery quotations for the Company;
- any other unforeseen incident.


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