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The Force Majeure Farce

Though "force majeure" traditionally referred to acts of God like floods, earthquakes and other unexpected natural disasters, the term has taken on a whole new meaning in Dubai; much to the benefit of local property developers.

April 26, 2011 3:09 by

Text: Kipp’s written on the rise in the popularity of the term “force majure” by local developers for some time now, but we are still morbidly fascinated about the subject. If you would like to know a little more about the subject, watch this brief video from Kevin Brass and definitely read one of these articles:

Use of force majeure in Gulf is all in a good clause

Protection at last, but too late for many

Enough! Can we get some investor-protection already?

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