Limiting Liability – What’s The Risk?
During the negotiation of international commercial agreements the exact exposure in relation to damages and performance is often not properly identified, anticipated or understood.  Parties can be unaware:
• that their attempts at limiting or excluding their liability may be ineffective;
• of the true nature of the law of damages in the governing law of the contract; and
• of the fundamental differences of approach in common law and civil law systems.
Through examination of real life practical examples and litigated cases, international specialists from the Contract Law, International Sale of Goods and Litigation Commissions will provide a wide-ranging and detailed understanding of the relevant considerations from different perspectives. Audience participation and interaction will be encouraged with the aim that all participants will better their understanding of how to (1) effectively draft and negotiate international contracts and (2) to manage liability and litigation risk, which are of more importance than ever to all practitioners and clients in the current times we face.