Materials for the Joint Working Session of the CISG-law Commisison and Contract Law Commisison
International Contracts in Times of Crisis - Helping your Clients to Foresee the "Unforeseeable" in Cross-Border Contracts
Pandemics, Brexit, trade wars and the resurgence of economic nationalism, recessions and other catastrophes... In the context of long-term cross-border contracts, unforeseen events can occur. Is it possible to draft clauses to ensure that your contracts can adapt to major changes or obstacles in their economic, legal or regulatory environment? In this joint working session, highly qualified speakers from different jurisdictions will discuss practical tools and contract clauses, and share best practices in managing unexpected events and developments. Participants will have the opportunity to hear experiences, ideas and observations from interactive panel discussions and case studies. Audience participation and interaction will be encouraged with the aim of all participants improving their understanding of how to draft effective contract clauses in preparation for unforeseeable events or developments and how to manage these risks creatively once they materialize.