title: Modification or termination of contracts due to international economic sanctions from the standpoint of Russian legislation and court practice
metadata.name: dc.contributor.author
metadata.value: Goriacheva, Anastasia I.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2022-12-29T18:54:59Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2022-12-29T18:54:59Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Goriacheva, Anastasia I. 2022. “Modification or termination of contracts due to international economic sanctions from the standpoint of Russian legislation and court practice”. Vestnik of Saint Petersburg University. Law 4: 877–895. https://doi.org/10.21638/spbu14.2022.403
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu14.2022.403
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/38785
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: In this article the author covers the problem of possible modification or termination of contracts
  due to international economic sanctions, in particular the US and EU sanctions against
  Russia. The author analyses relevant legislative acts, approaches of governmental authorities
  and court practice on this matter. This extensive analysis includes overview of development of
  main legal doctrines and institutions, related to the subject matter of this article. Moreover, it
  covers definitions of the relevant terms. This article is mainly aimed at defining a list of criteria
  to rely on when determining the possibility to modify or terminate a contract due to international
  economic sanctions in each particular case. The author raises the hypothesis that possibility
  to modify or terminate a contract due to international economic sanctions is subject to
  a closed list of criteria. The subject matter of this article is important since sanctions are now
  one of the main instruments of political influence in interstate relations and have a significant
  impact on all types of contractual relationships. Today, a major and common challenge faced
  by market participants is the inability to enforce contracts the way they were originally entered
  into. Due to the fact that in Russia it is rare for contracts to be amended or terminated due
  to newly imposed sanctions, parties do not always find themselves in a position to enforce a
  contract in a timely manner or to perform at all. As a result, the stability of the business environment
  is disrupted and the level of trust is reduced. Thus, it is highly important to perform
  a thorough analysis of this matter and provide possible solutions for market participants.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Law;Volume 13; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: international economic sanctions
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: sanctions
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: clausula rebus sic stantibus
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: substantial change of circumstances
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: contracts
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: hardship
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Modification or termination of contracts due to international economic sanctions from the standpoint of Russian legislation and court practice
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 03.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/38785/1/03.pdf
resources.format: Adobe PDF
resources.size: 700,74 kB