There are an awful lot of Dangerous Professionals right now thinking very carefully about a) whether coronavirus is force majeure , b) whether that answer depends on local circumstances or could change, and c) whether there should be an oracle for this question in future.
-
-
An interesting implication of the world getting faster and more automated is that historically it’s “Your both sophisticated businesses; work it out or engage in ruinously expensive slow processes with the legal system” and these days a lot of people/firms might want an API.
Show this thread -
Like, an underappreciated consequence of financial engineering is that courts historically tell you what a contract means but there are some systems where that is so disruptive that what the contract really means is what an engineer decided it means, with or without CHANGELOG.txt
Show this thread -
“You’re being very opaque.” An asset back security’s funds flows are at the base determined by layers of contracts which treat below layers of contracts as atoms, etc etc etc, and in principle any layer could be litigable, but in practice, it’s N eng teams and M ops teams.
Show this thread -
Judge: You have to X. Ops: I have no button which does X. Judge: I. Am. A. Judge. Ops: Do you build buttons, Your Honor? (Which will never actually be said, but, this has basically happened, including during financial crisis cleanup.)
Show this thread
End of conversation
New conversation -
-
-
I dont know if this is the case for common law, but at least in continental law "force majeure" is established in most Civil Codes, so even if there is no clause it could apply. This might apply with case-law in the common law tradition countries
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
An interesting thing is happening with music festivals: they are canceling next years event (which they’ve sold 0 tickets for) and rescheduling this year
-
The operating assumption is that they’ll still offer refunds if you want them, but by offering a rollover will take less of a cash hit
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.