The effects of financial crises on the binding force of contracts : renegotiation, rescission or revision /

The effects of financial crises on the binding force of contracts : renegotiation, rescission or revision /

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Bibliographic Details
Imprint:Cham : Springer, [2016]
©2016
Description:1 online resource
Language:English
Series:Ius comparatum - Global studies in comparative law ; volume 17
Ius comparatum ; v. 17.
Subject:
Contracts -- Economic aspects.
Impossibility of performance.
Contracts -- Economic aspects.
Impossibility of performance.
Conference papers and proceedings.
Conference papers and proceedings.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12455153
Hidden Bibliographic Details
Other authors / contributors:Başoğlu, Başak, editor.
ISBN:9783319272566
331927256X
3319272543
9783319272542
9783319272559
3319272551
9783319801025
3319801023
9783319272542
Digital file characteristics:text file
PDF
Notes:Online resource; title from PDF title page (EBSCO, viewed March 16, 2016).
Summary:This book is about one of the most controversial dilemmas of contract law: whether or not the unexpected change of circumstances due to the effects of financial crises may under certain conditions be taken into account. Growing interconnectedness of global economies facilitates the spread of the effects of the financial crises. Financial crises cause severe difficulties for persons to fulfill their contractual obligations. During the financial crises, performance of contractual obligations may become excessively onerous or may cause an excessive loss for one of the contracting parties and consequently destroy the contractual equilibrium and legitimate the governmental interventions. Uncomfortable economic climate leads to one of the most controversial dilemmas of the contract law: whether the binding force of the contract is absolute or not. In other words, unstable economic circumstances impose the need to devote special attention to review and perhaps to narrow the binding nature of a contract. Principle of good faith and fair dealing motivate a variety of theoretical bases in order to overcome the legal consequences of financial crises. In this book, all these theoretical bases are analyzed with special focus on the available remedies, namely renegotiation, rescission or revision and the circumstances which enables the revocation of these remedies. The book collects the 19 national reports and the general report originally presented in the session regarding the Effects of Financial Crises on the Binding Force of Contracts: Renegotiation, Rescission or Revision during the XIXth congress of the International Academy of Comparative Law, held in Vienna, July 2014.
Other form:Printed edition: 9783319272542
Standard no.:10.1007/978-3-319-27256-6
Table of Contents:
  • General Report on the Effects of Financial Crises on the Binding Force of Contracts : Renegotiation, Rescission or Revision / Rona Serozan
  • From Crisis to Crisis : Weakness of Contracts in Argentina / Julio César Rivera
  • Keeping the Balance : The Effects of Financial Crises on Contracts Under Brazilian Law / Anderson Schreiber
  • Effets exercés par les crises financières sur la force obligatoire des contrats : certitudes et incertitudes du droit québécois en matière d'imprévision / Élise Charpentier and Nathalie Vezina
  • Can Financial Crisis Lead to the Application of the Institute of Changed Circumstances Under Croatian Law? / Maja Bukovac Puvača, Gabrijela Mihelčić, and Iva Tuhtan Grgić
  • Elimination of the Impacts of Financial Crisis on Legal Relationships According to Czech Private Law / Marketa Selucká
  • Financial Crises and Danish Contract Law : No Room for Hardship / Mads Bryde Andersen and Joseph Lookofsky
  • Crises financières et contrats : le droit positif français refuse la révision d'un contrat devenu déséquilibré mais le projet de réforme entr'ouvre la porte à l'imprévision / Rémy Cabrillac
  • Financial Turmoil as a Change of Circumstances Under Greek Contract Law / Nikolaos A. Davrados
  • "All Roads Lead to Rome" : the Multiple Grounds Under Italian Law to Challenge a Contract due to Supervening Changes of Circumstances / Marco Torsello
  • Effects of a Bubble Economy on the Binding Force of Contracts : The 1990s Experience of Japan and Its Implications / Shugo Kitayama
  • Effects of Crises on the Binding Force of Contracts : Polish Solutions / Wojciech Robaczynński
  • Discussing the (Ab)normality of Financial Crises as a Relevant Change of Circumstance Under Portuguese Law / Manuel Carneiro de Frada and Mariana Fontes da Costa
  • Imprévision dans le Nouveau Code Civil roumain enfanté par la crise économique mondiale / Dumitru Dobrev and Marilena Uliescu
  • Russian Federation Legislation on the Effects of Financial Crises on the Binding Force of Contracts : Renegotiation, Rescission or Revision / Nataliya Georgievna Doronina and Natalie Gennadievna Semilyutina
  • Effects of the Global Financial Crisis on the Binding Force of Contracts : A Focus on Disputes over Structured Notes in Taiwan / Chang-hsien Tsai
  • Certainty Over Clemency : English Contract Law in the Face of Financial Crisis / Horace Yeung and Flora Huang
  • Financial Crisis and the Remedy of Rescission in the United States / Aditi Bagchi
  • Adaptation of the Contract in Turkish Law / Başak Baysal.

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