MUR Shipping v RTI: key lessons from the Supreme Court's ruling on force majeure clauses
In a further twist of the MUR Shipping BV v RTI Ltd proceedings, the Supreme Court has overturned the Court of Appeal's decision and ruled that a "reasonable endeavours" proviso in a force majeure clause does not require a party to accept non-contractual performance. The judgment has important implications for the drafting and interpretation of force majeure clauses generally – and the impact of sanctions in particular.