Tariffs escalations: current state of play, and how to mitigate impact on contracts and anticipate potential disputes

Recent developments in global trade policies, including the introduction of new tariffs, are reshaping the business landscape and creating a dynamic environment. As trade conditions rapidly evolve, companies need to rethink their global supply chain strategies to remain competitive and flexible. Existing commercial arrangements and strategies may be impacted.

So, what are the immediate implications of the dynamic new tariffs on existing commercial contracts? How can internationally operating companies address trade risks in their commercial contracts going forward? What legal strategies are available to deal with uncertainties and to remain flexible?

In this session, our panel of international legal experts explored how tariff developments may affect commercial contracts and how businesses can build contractual resilience.

Topics include:

  • What are the latest developments with respect to tariffs?
  • Who bears the risk and cost for increasing tariffs under the contract?
  • Will there be a way out for parties who bear liability for tariffs by invoking force majeure, hardship, frustration of contract or other legal concepts?
  • What risk mitigating strategies are available to avoid potential disputes and how can new contracts be made more resilient?
  • How can we make commercial contracts flexible for the future?

 

View the recording.


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