The country is in need of an all-encompassing force majeure exemption bill or a Covid-19 (Temporary Measures) Bill to lawfully protect players of all industries, said the Real Estate and Housing Developers’ Association (Rehda) Malaysia. Force majeure is a common clause in contracts that essentially frees both parties from liabilities or obligations due to an extraordinary event or circumstance beyond the control of the parties.
Rehda president Datuk Ir Soam HengChoon said this is to ensure that every party is safeguarded against any form of penalisation that would be imposed under normal circumstances.
Media Title: The Star
Date: 09 Apr 2020