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.
| ISBN: | 9781107416871 |
| Publication date: | 19th June 2014 |
| Author: | Ewoud Universiteit Utrecht, The Netherlands Hondius |
| Publisher: | Cambridge University Press |
| Format: | Paperback |
| Pagination: | 716 pages |
| Series: | The Common Core of European Private Law |
| Genres: |
Contract law Comparative law Private or civil law: general Public international law: jurisdiction and immunities |