Money & Business
First, they came for the Marmite... but what next as the pound falls?
...law, an extreme alteration in exchange rates could be considered an external event (such as a natural disaster or fire that destroys goods about to be shipped) that prevents the performance of a contact, known as a “frustrating event”. This, however, can only work when the contract itself does not make provision for the consequences of external shocks in what is...