The 'hacktivist' group known as Anonymous said it has a new target in its 'cyber war' against Russia — Western businesses that are still doing business there.
Unlike McDonalds — which owns some 84% of its outlets in Russia — companies such as Burger King, Subway and Papa John's often operate via franchise agreements there. Burger King said it demanded the main operator of its franchises suspend restaurant operations in Russia, but that "they have refused."Force majeure clauses — which allow parties to terminate a contract for circumstances such as natural disasters or acts of terrorism — don't apply here, said Antel.
Antel said franchisors likely have no legal right to shut down franchises in Russia. But he said he expects franchisors will do so anyway for a variety of reasons: moral decisions, to mitigate reputational damage and to avoid the cost of complying with sanctions, especially since Russia "is not a big percentage of sales" for most of these companies.
He said he's negotiated one contract — out of hundreds — where a hotel owner in Russia wanted the contractual right to walk away if an international incident made it detrimental to his broader business interests.However, he said he now expects contractual exit options to be much more common in the future.
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