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Negative crude oil price settlement
16-May-2023 (In Banking / Finance Law)
The brokerage firm Motilal Oswal has sent us a notice to pay x amount for negative crude oil settlement which was unprecedented.... now what should we do in this scenario. .. how to reply to legal notice & how can we rebuttle this
The whole story of crude oil in commodity market sharing link for better understanding
https://www.google.co.in/amp/s/m.economictimes.com/markets/commodities/news/mcx-negative-oil-futures-pricing-mess-jury-out-on-contract-law/amp_articleshow/75324865.cms
The contract between your firm and Motilal Oswal has to be studied in depth in order to render you proper advice, especially about the existence of force majeure clause, if any. No general guidance can be given without full facts of your case.
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Adv. Swaminathan Neelakantan
Coimbatore | 400+ Answers
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