The effect of a change of circumstances on the binding force of contracts

This book studies the situation where unexpected circumstances render the performance of a contract much more difficult or onerous and those which frustrate the purpose of the transaction. It includes a comparative analysis of European and Latin American jurisdictions as well as American contract law.
Author(s):
Rodrigo Momberg Uribe
Series:
Ius Commune Europaeum
Volume:
94
book | published | 1st edition
May 2011 | xvi + 328 pp.

Paperback
€75.-


ISBN 9781780680057


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Details

The author was awarded the first prize in the Clive M. Schmitthoff Essay Competition 2011 for on essay based on this book.

This book studies the situation where unexpected circumstances render the performance of a contract much more difficult or onerous and those which frustrate the purpose of the transaction.

The complexity of modern contractual relationships and, in general, of the social and economic environment, requires similar weight to be given to values other than the classical values of freedom, security and certainty. Cooperation, solidarity and flexibility have gained importance. In this context, the recognition of a change of circumstances as a remedy for the affected party may be considered as another aspect of the renewed importance of justice and fairness as a counterbalance to the general principle of freedom of contract. In particular, the affected party is entitled to rely on a proper set of remedies directed at the restoration of the agreement until the limit of an adequate sacrifice for the debtor, which includes the duty to renegotiate and in the case of the renegotiations failing, the revision of the contract by the courts. Thus, the contract may be considered to be a union of balanced interests, an instrument of loyal cooperation and a result of the mutual confidence between the parties.

The study includes a comparative analysis of European and Latin American jurisdictions as well as American contract law. In addition to national jurisdictions, it is also examined how modern model codes or restatements of international contract law deal with this problem. Because of its broad comparative analysis, this book is a useful tool to national and regional legislators as well as to judges and parties involved in cases in which a supervening and unforeseen change of circumstances has severely altered the performance of the contract.

Chapters

Table of Contents (p. 0)

PART I. INTRODUCTION AND HISTORICAL PERSPECTIVES

Chapter 1. Introductory remarks (p. 1)

Chapter 2. An historic approach to pacta sunt servanda, impossibility and rebus sic stantibus (p. 23)

PART II. COMPARATIVE SURVEY - NATIONAL JURISDICTIONS

Chapter 3. French law (p. 41)

Chapter 4. Italian law (p. 69)

Chapter 5. Latin American jurisdictions – Chilean and Argentinian law (p. 91)

Chapter 6. The Common law jurisdictions – English and American law (p. 139)

PART III. COMPARATIVE SURVEY - INTERNATIONAL INSTRUMENTS OF CONTRACT LAW

Chapter 7. International instruments of contract law – the approach of the CISG, the PICC, the PECL and the DCFR (p. 185)

PART IV. THE EFFECTS OF A CHANGE OF CIRCUMSTANCES

Chapter 8. The duty to renegotiate as an effect of changed circumstances (p. 217)

Chapter 9. The adjustment of the contract as effect of changed circumstances (p. 237)

Chapter 10. Concluding remarks (p. 261)

Resumen en Español (p. 281)

Nederlandse samenvatting (p. 287)

Bibliography (p. 299)

Table of cases (p. 317)

Curriculum vitae (p. 325)

About the series:

Ius Commune Europaeum

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The ‘Ius Commune Europaeum’ series focuses on the common foundations of the legal systems of the Member States of the European Union. It includes horizontal comparative legal studies as well as studies on the effect of EU law, treaties and international regulation within the national legal systems. All substantive fields of law are covered.

The series is published under the auspices of METRO, the Institute for Transnational Legal Research at the Maastricht University.

Guidelines for the submission of a manuscript or proposal can be found here.

Editorial Board
Prof. Dr. J. Smits (chair - Tilburg University, the Netherlands)
Prof. Dr. M. Faure (Maastricht University and Erasmus University Rotterdam, the Netherlands)
Prof. Dr. E. Vos (Maastricht University, the Netherlands).


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