News & Media 3rd Mar 2026

Indian companies scrambling to renegotiate contracts amid Gulf tensions

Authors

Sanjay NotaniPartner | Mumbai

Latest Thought Leadership

Alerts & Updates 25th Sep 2026

Key decisions taken in the SEBI Board Meeting dated 24th September 2026

Read More
international trades
Alerts & Updates 24th Sep 2026

ELP Sanctions Update – Foreign Sanctions and Contractual Obligations: Delhi High Court Directs Resumption of SAP Support Services to Nayara Energy

Read More
Alerts & Updates 22nd Sep 2026

Sanctions Update – Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 and Implications for India

Read More
international trades
Newsletter/Booklets 22nd Sep 2026

Trade Newsletter: August 2026

Read More

Our Partner, Sanjay Notani shares his insight in The Economic Times, “Indian companies scrambling to renegotiate contracts amid Gulf tensions.”

He highlights that they are receiving queries from companies scrambling to invoke force majeure clauses and renegotiate contracts, as well as rejig supply chains. He further added that the deeper problem is that these issues simply aren’t getting resolved. First Covid, followed by sanctions, then tariffs, now conflict in the Middle East. Resilience and compliance are easy to preach, but they come at an enormous cost, and right now, the coordination between sales and finance teams, legal counsel, and other concerned stakeholders, such as banks and insurance, frankly needs consistent overhauling and close coordination.

Read the article here

   

Privacy Policy

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.