Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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A Study on the Applicability of Force Majeure Clause to COVID-19: Focus on Case Studies in China

COVID-19사태에 대한 불가항력조항의 적용가능성에 관한 연구

  • Ling-Ke Zhou (Department of International Economics and Trade, Jiangsu University of Science and Technology) ;
  • Kwang-So Park (Department of International Trade, Konkuk University) ;
  • Eunji Oh (Department of International Trade, Konkuk University)
  • 주령커 (중국강소과기대학 국제무역학과) ;
  • 박광서 (건국대학교 국제무역학과) ;
  • 오은지 (건국대학교 국제무역학과)
  • Received : 2020.05.13
  • Accepted : 2020.06.28
  • Published : 2020.06.30
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Abstract

This study aims to determine if the current COVID-19 event can be admitted as an excuse for non-performance in international trade transactions. In order to do so, this study selected case study method in the analysis. Firstly, the definitions of Force Majeure addressed in CISG, UCC, Chinese Law, and Korean Law were organized. Secondly, this study reviewed the avian influenza event in 2006 and the natural disaster event occurred in Guangdong, China, in 2017. In the study, three critical evaluation factors are suggested in order to be admitted as a Force Majeure event in international transactions as following: 1) possibility of foresight of the event, 2) possibility to overcome and avoid the event, and 3) the enterprise's countermeasures of the event. As an implication, this study organized the definitions of Force Majeure that were indicated in various kinds of Laws and suggested the basic framework to analyze the possibility of admittance as a Force Majeure event.

Keywords

References

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