Home News Webinar Successfully Conducted On Legal Implication of COVID-19 in Commerce

Webinar Successfully Conducted On Legal Implication of COVID-19 in Commerce

May 6, 2020

1550

Kathmandu, May 6th, 2020

First Webinar Successfully Conducted On Legal Implication of COVID-19 in Commerce and Industry. Delta Law and Technology and other organizations successfully organized an interaction on the impact of the lockdown on Industry and Commerce in Nepal. The interested participants of the webinar conducted on Zoom had to register in order to attend it.

The aim of this webinar was to analyze the legal implication of the effect of COVID-19 pandemic. Topics of discussion were the legal measures or instruments affected and the area of legal reform/intervention on the current situation.

Note: The discussions on the topic are based on the impact of lockdown in Nepal which is a change of law. It is the consequence of the pandemic and thus, the lockdown is the legal concept. (From a Q&A in the webinar)

Webinar Details

May 6: Impact on Industry and Commerce

Keynote Speaker: Chandra Prasad Dhakal, Vice President, FNCCI

Moderator: Advocate Babu Ram Aryal, Managing Partner, Delta Law

Panelists:

Advocate Megahraj Pokharel: Commerce and Industry
Senior Advocate Madhav Bhattarai: Public Procurement
Advocate Sharad Koirala: Labor and Employment

Conference Advisors:

Senior Advocate Upendra Keshari Neupane, Founder, Delta Law
Advocate Sunil Kumar Pokharel, Founder, Innovative Legal Service

Watch the recorded webinar on Facebook by clicking here.

Impact on Industry and Commerce

The pandemic certainly has made a huge impact on the global economy. After the nationwide lockdown in Nepal, many contracts are about to be terminated by the parties. The contract is the principal rule of business as each business stands on a contract between the parties.

Since the pandemic has squeezed the capability of the performance of the contractual party, contracts are on the verge of termination. The panelists in the webinar addressed the future of these contracts and other issues of concern of the parties.

Similarly, they also discussed a major clause of the contract called Force Majeure. It refers to events such as wars, fires, typhoons, floods, earthquakes, or other events that are regarded by both parties to be force majeure factors. This clause gives remedy during the situation similar to what we are facing now.

Other topics of discussion for today’s webinar were Public Procurement and Labor and Employment. The pandemic has caused serious effects on procurement, whether it be the supply of goods, services, or infrastructure constructions. Likewise, it has caused devastating losses in working hours and employment across the world.

You can find the concept note by clicking here.