@article{754037,
      recid = {754037},
      author = {Başoğlu, Başak,},
      title = {The effects of financial crises on the binding force of  contracts renegotiation, rescission or revision /  [electronic resource] :},
      pages = {1 online resource.},
      abstract = {This book is about one of the most controversial dilemmas  of contract law: whether or not the unexpected change of  circumstances due to the effects of financial crises may  under certain conditions be taken into account. Growing  interconnectedness of global economies facilitates the  spread of the effects of the financial crises. Financial  crises cause severe difficulties for persons to fulfill  their contractual obligations. During the financial crises,  performance of contractual obligations may become  excessively onerous or may cause an excessive loss for one  of the contracting parties and consequently destroy the  contractual equilibrium and legitimate the governmental  interventions. Uncomfortable economic climate leads to one  of the most controversial dilemmas of the contract law:  whether the binding force of the contract is absolute or  not. In other words, unstable economic circumstances impose  the need to devote special attention to review and perhaps  to narrow the binding nature of a contract. Principle of  good faith and fair dealing motivate a variety of  theoretical bases in order to overcome the legal  consequences of financial crises. In this book, all these  theoretical bases are analyzed with special focus on the  available remedies, namely renegotiation, rescission or  revision and the circumstances which enables the revocation  of these remedies. The book collects the 19 national  reports and the general report originally presented in the  session regarding the Effects of Financial Crises on the  Binding Force of Contracts: Renegotiation, Rescission or  Revision during the XIXth congress of the International  Academy of Comparative Law, held in Vienna, July 2014.},
      url = {http://library.usi.edu/record/754037},
}