Riskope will present in Toronto a three days course, September 23-24-25, for industries, money lenders and insurers Capitalize on expert knowledge to gain maximum value on these vital issues: IDENTIFY risks that really matter and have the potential to disrupt your business. CONVINCE money lenders that your business will be sustainable in a world of shrinking credits. DISCOVER issues that could lead to crises, possibly hampering your growth. PINPOINT threats that are lurking in any commercial contract, ready to bite…
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A few phrases from the paper named Risk-management lessons from the volcanic ash cloud are copied below in italics, then commented: …Conventional thinking about risk management holds that risks are mainly local and routine—that it is possible to list all the negative events that could happen, determine their probability based on past experience… Risk-management lessons from the volcanic ash cloud Two common wrong behaviors are indicated in the phrase above: 1) risks to be included in a risk assessment are not…
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We will discuss today why Force Majeure clauses in contracts should be optimized to reduce costs and litigation potential. Force Majeure clauses in contracts should be optimized to reduce costs and litigation potential. Indeed, any time spent in the aftermath of a mishap “discussing” if the event was Force Majeure, negligence or had other causes severely impacts operations. In addition it can significantly increase the costs of consequences. Thus the need to optimize the Force Majeure formulation. If it was…
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