Past Projects / FORCE MAJEURE CLAUSES AND FINANCIAL MARKETS IN AN EU CONTEXT

The EFMLG has undertaken the task of considering whether it would be suitable to harmonise force majeure clauses which are incorporated, for example, into the standardised master agreements governing financial transactions in the EU, with a view to decreasing legal impediments to cross-border financial activity. The EFMLG has produced some guidelines for transactions affected by force majeure events as well as recommendations which focus respectively on strikes and computer breakdowns as possible force majeure events.

REPORT: Force Majeure Clauses and Financial Markets in an EU Context (November 2003) [pdf, 303 Kb]