Unexpected Circumstances in European Contract Law
Ewoud Hondius · Christoph Grigoleit
Mar 2011 · Cambridge University Press
Ebook
715
Pages
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About this ebook
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.
About the author
Ewoud Hondius is Professor of European Private Law at Utrecht University, the Netherlands.
Hans Christoph Grigoleit holds a chair in civil law, commercial law, corporate law and private law theory at Ludwig Maximilian University of Munich, Germany.
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