Bangladesh Textile Mills Association Writes ICA Regarding Difficulties to Fulfill Their Contracts

On July 18th, the Bangladesh Textile Mills Association (BTMA) wrote the International Cotton Association (ICA) in regarding to their inability to fulfill contracts due to the current environment. On July 22nd, ICA replied to BTMA by stating “the legal concept of force majeure is intended to cover those circumstances that could delay or impede the full execution of a contract. It does not cancel a contract or remove all obligations for either party.”

Click here for BTMA letter.

Click here for ICA reply.

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