COVID-19 PANDEMIC AND CONTRACTUAL RELATIONSHIPS: FORCE MAJEURE AND IMPOSSIBILITY Cover Image

COVID-19 PANDEMIC AND CONTRACTUAL RELATIONSHIPS: FORCE MAJEURE AND IMPOSSIBILITY
COVID-19 PANDEMIC AND CONTRACTUAL RELATIONSHIPS: FORCE MAJEURE AND IMPOSSIBILITY

Author(s): Mihajlo Cvetković
Subject(s): Health and medicine and law, Human Ecology
Published by: Универзитет у Нишу
Keywords: Force-majeure; Impossibility; Contract Frustration; Covid-19; obligation termination.

Summary/Abstract: In every country touched by Covid-19, contractual performance is affected. Leg­islation enforcing lockdowns has made many contracts illegal to perform. Excessively unbalanced contracts become major issue due to health emergencies. In order to re­lease the debtor, the force majeure must be unpredictable. However, the world has been warned of a looming epidemic and its consequences onto unprepared world. The paper examines if the Serbian Act on Obligations and its rules on impossibility protect the debtors in the circumstances of Covid-19, by comparing domestic solutions with European, transnational and Common law. Despite numerous provisions, traditional solutions were not adequate, so emergency regulations have been adopted, usually in­compatible with the private law regime.

  • Issue Year: XLV/2021
  • Issue No: 4
  • Page Range: 1147-1162
  • Page Count: 16
  • Language: English
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