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  1. Home
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  3. Unexpected Circumstances in European Contract Law
  • Cited by 10
Publisher:
Cambridge University Press
Online publication date:
April 2011
Print publication year:
2011
Online ISBN:
9780511763335
DOI:
https://doi.org/10.1017/CBO9780511763335
Subjects:
European Law, Law, Comparative Law
Series:
The Common Core of European Private Law
Information

Book description

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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