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DTSTAMP:20260413T162909Z
DTSTART:20231101T151500Z
DTEND:20231101T163000Z
SUMMARY:Economic crisis\, unforeseen circumstances and contract rebalanci
 ng
DESCRIPTION:When performance of a contract is substantially impacted by c
 ircumstances that could not be foreseen by either party\, the law offers
  a limited range of remedies. Such remedies have come to the forefront o
 f recent legal discussions due to the unexpected impacts of the COVID-19
  pandemic and conflict in Ukraine. In civil law jurisdictions\, the prin
 ciple of rebus sic stantibus can effectively change the commercial balan
 ce between affected parties. In common law jurisdictions\, equitable doc
 trines of "frustration of contract"\, "impossibility" and "impracticabil
 ity" can also rebalance the allocation of commercial risks between parti
 es when a contract is substantially altered by unforeseen circumstances.
  This session will dive into the dilemma of what may or may not be consi
 dered to be unforeseen and will compare the available remedies in civil 
 and common law countries\, offering examples based on recent disruptions
  to international commercial contracts.
LOCATION: AMPHITHEATRE BORDEAUX\, Level 3
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