Contract Adjustment in Arbitration - Should the Approach Be Adjusted?

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Contract Adjustment in Arbitration - Should the Approach Be Adjusted?

Popis výsledku v původním jazyce

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&apos; 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.

Název v anglickém jazyce

Contract Adjustment in Arbitration - Should the Approach Be Adjusted?

Popis výsledku anglicky

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&apos; 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.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50501 - Law

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

COFOLA INTERNATIONAL CURRENT CHALLENGES OF RESOLUTION OF INTERNATIONAL (CROSS-BORDER) DISPUTES

ISBN

978-80-280-0231-2

ISSN

—

e-ISSN

—

Počet stran výsledku

17

Strana od-do

261-277

Název nakladatele

MASARYK UNIVERSITY-UNIVERSITY PRESS

Místo vydání

BRNO

Místo konání akce

Brno

Datum konání akce

5. 6. 2022

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

001062677700010