Contract Adjustment in Arbitration - Should the Approach Be Adjusted?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11220%2F22%3A10469392" target="_blank" >RIV/00216208:11220/22:10469392 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.5817/CZ.MUNI.P280-0231-2022-10" target="_blank" >https://doi.org/10.5817/CZ.MUNI.P280-0231-2022-10</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5817/CZ.MUNI.P280-0231-2022-10" target="_blank" >10.5817/CZ.MUNI.P280-0231-2022-10</a>

Result language
angličtina
Original language name
Contract Adjustment in Arbitration - Should the Approach Be Adjusted?
Original language description
For decades, the general attitude has been moving towards accepting contract adjustment in arbitration. More and more, the question is when and how a contract may be adjusted and not whether the arbitrators may have such a power. The article will firstly discuss hardship as a basis for contract adjustment and provide general discussion on arbitrators' position in cases of hardship. Once the scene is set the paper will focus on how the issue is approached in the area of long-term gas sale and purchase agreements and especially the price review clauses. Based on their example, it is concluded that arbitral tribunals should evaluate not only conditions of hardship but also the will of the parties to continue the contract and, in absence of any other guidance, request proposals for adjustment from the parties.
Czech name
—
Czech description
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Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
COFOLA INTERNATIONAL CURRENT CHALLENGES OF RESOLUTION OF INTERNATIONAL (CROSS-BORDER) DISPUTES
ISBN
978-80-280-0231-2
ISSN
—
e-ISSN
—
Number of pages
17
Pages from-to
261-277
Publisher name
MASARYK UNIVERSITY-UNIVERSITY PRESS
Place of publication
BRNO
Event location
Brno
Event date
Jun 5, 2022
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
001062677700010

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