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Report: Telegram’s ‘Force Majeure’ Clause Curbs Investor Compensation

Published 10/14/2019, 06:53 AM
Updated 10/14/2019, 07:01 AM
Report: Telegram’s ‘Force Majeure’ Clause Curbs Investor Compensation

Telegram’s pledge to return money to investors in the event of a delay to the launch of its blockchain network may be superseded by a “force majeure” clause in its purchase agreement.

As an Oct. 14 report from Russian media agency the Bell emphasizes, the force majeure clause — which encompasses natural disasters, terrorist threats and the eruption of war — also includes legal or regulatory actions on the part of the authorities.

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