force majeure or it is not a fault of the guarantor of income; (b) conditions beyond necessity with characteristics which would cause the REIT make a claim with difficulty or excessive burden. Chapter 3

election slated in November 2020. Even though tension over the US-China situation eased somewhat after Phase One of a trade deal was reached in mid-January 2020, the details of any further negotiations are

uncertain timing of the Federal Reserve’s policy rate hikes, as well as geopolitical rifts on the Korean peninsula and ongoing Middle East tension. These factors caused the Baht’s value and Thai interest