The recent civil unrest and unexpected political changes in Tunisia and Egypt have now spread to Libya and are being felt in Bahrain, Yemen and other countries in the Middle East. Libya is the first major oil exporter to be affected, and has seen the most violent repression of public protests. The situation there is changing rapidly and the outcome remains uncertain.
The Holman Fenwick & Willan Client Brief reviews some key areas of international trade and commerce affected by these developments. The disruption to the banking system and its impact on buyers and sellers through letters of credit and other financial instruments, disruption and delays at ports, deviation, war risks, force majeure, frustration of contracts, insurance and the impact on markets generally.
Click here to access the Client Brief "Unrest in Egypt, Libya and the Middle East"
For more information relating to this brief, please contact Andrew Ridings, Partner, on +44 (0)20 7264 8158 or firstname.lastname@example.org, or Janet Ching, Associate, on +44 (0)20 7264 8477 or email@example.com, or your usual contact at HFW.