Force majeure and economic hardship under the CISG

This is to announce the October 2018 session of the Forum of the Center for Transnational Litigation, which will take place on Monday, October 29th, 2018, from 6.00 p.m. to 8.00 p.m., in the Lester Pollack Colloquium Room, Furman Hall 900 (245 Sullivan Street, New York, NY 10012). On the occasion of this session of the Forum, Professor Yeşim Atamer, a full professor of Civil Law and Comparative Civil Law at Istanbul Bilgi University, Turkey, will examine the requirements for a party not to be liable for failure to perform under CISG’s Article 79. NYU Professors Clayton Gillette and Franco Ferrari will comment on Professor Atamer’s presentation and will discuss whether the CISG addresses economic hardship, an issue that if one often to be addressed by arbitral tribunals charged with deciding disputes arising out of long-term sales agreements impacted by the financial crisis.

The Center for Transnational Litigation and Commercial Law aims at the advancement of the study and practice of international business transactions and the way to solve related disputes either through litigation or arbitration. As commercial transactions become increasingly international, it is vital to the legal and business communities to understand and analyze the practices and legal principles that govern relationships between firms and between firms and consumers in the international arena