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Wednesday, March 25, 2020

Delay in bank loan repayment: Companies point to 'act of god', seek relief

An Act of God, or force majeure in legal parlance, describes an event outside of human control or activity, and is generally invoked in extreme circumstances where the business has been affected by a natural calamity, epidemic or war.x

from Banking/Finance-Industry-Economic Times https://ift.tt/2WGrsb5

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