In the latest episode of TCLF One-on-One, Mr. Mohit Khubchandani (incoming ICJ Judicial Fellow) talks about his first encounter with International Law as a subject, India’s recent engagements with the ICJ, sufficiency of IL in dealing with the current pandemic and much more.
In this post, the author answers some important questions relating to invocation of bank guarantee in times of COVID-19. The author further makes an interesting analysis highlighting the distinction between essential and non-essential commodities and services in light of the recent Standard Retail and Halliburton judgments.
“Policymakers all over the world fear that this could push large number of companies towards liquidation leaving thousands of workers unemployed and the insolvency courts over-burdened. Therefore, economies around the globe are taking temporary measures to mitigate this crisis and keep the entities afloat.”