EN
TR
Starting from the definition of hardship in the UNIDROIT Principles as a fundamental…
In the official Commentary on the 1994 edition of the UNIDROIT Principles, it was…
However, this threshold has been deemed too low in practice. Indeed, there is no…
One of the few cases in which a hardship defence was accepted based on a substantial…
Another rare example of a case in which an economic hardship defence was successful…
These two examples stand in isolation. In the vast majority of cases where a party…
Even where there has been a considerable change of circumstances, for example an…
In sum, there does not appear to be a common international standard or nominal value…