IBA Annual Conference Toronto 2025
2 Nov - 7 Nov 2025
Session information
Risk allocation and force majeure revisited against the background of climate change and abnormal weather
Wednesday 5 November (1430 - 1545)
Committee(s)
International Construction Projects Committee
(Lead)
Description
What are the consequences of climate change for risk allocation in construction contracts? Is it more common to encounter clauses that define force majeure through qualifying circumstances such is severity, periodicity, etc. Who should bear the risk for abnormal weather that does not qualify as force majeure? Which party is better equipped to manage that risk? What is the availability of insurance against abnormal weather? What are the impacts over the supply chain? This session will cover all of this and more.