South Korea's Fair Trade Commission fines Doosan Corp. 230 million won for violating subcontract laws by failing to issue written contracts for 516 SI service projects worth 40.8 billion won, affecting 182 subcontractors over a period exceeding two years and eight months.
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For contracts to serve their purpose, involved parties must fulfill their duties and commitments. These responsibilities can range from payment terms to performance standards, each vital for a smooth contractual relationship. Here’s how to manage these contractual obligations to avoid legal, financial, and operational ramifications.

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Contractual Obligations: How To Avoid Legal Pitfalls | Blog

Managing contractual obligations throughout the partnership is essential to mitigating risks, establishing compliance, and guaranteeing performance.

Exxon Declares Force Majeure on Russian Sakhalin-1 Operations

Exxon Mobil Corp. said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become

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