Contract Law

Unexpected Circumstances in European Contract Law

Edited by Ewoud Hondius · Hans Christoph Grigoleit
Cambridge University Press March 2011

Specifications

ISBN-13
9781107003408
Publisher
Cambridge University Press
Publication
March 2011
Format
Hardback
Jurisdiction
Europe ? Countri(es) for reference only

Details

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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