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Unexpected Circumstances in European Contract Law

Unexpected Circumstances in European Contract Law

Hardcover

Series: Common Core of European Private Law

General Law

ISBN10: 1107003407
ISBN13: 9781107003408
Publisher: Cambridge
Published: Mar 3 2011
Pages: 714
Weight: 2.73
Height: 1.60 Width: 6.00 Depth: 9.00
Language: English
The recent financial crisis has questioned whether existing contracts may be adapted, terminated or renegotiated as a result of unexpected circumstances. The question is not a new one. In medieval times the notion of clausula rebus sic stantibus was developed to cope with such situations, and Germany introduced the theory of Wegfall der Geschäftsgrundlage. In England, the Coronation cases provided one possible answer. This comparative study explores the possibility of classifying jurisdictions as 'open' or 'closed' in this regard.

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