According to the China Council for the Promotion of International Trade, China has issued 4,811 force majeure certificates as of Mar. 3 due to the epidemic, state media Xinhua reported. Those contracts were worth 373.7 billion Chinese yuan ($53.79 billion), according to the report.\r
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While such documents will help entities claiming against one another in the Chinese domestic markets, most claims will not hold up internationally, said international law firm Holman Fenwick Willan.
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