Tag: force majeure

Application of the UNIDROIT Principles in the Practice of Russian State Courts

Application of the UNIDROIT Principles in the Practice of Russian State Courts

Through years the Principles of International Commercial Contracts developed under auspices of UNIDROIT (“the UNIDROIT Principles”) have gained a wide recognition in many countries worldwide. This is true also with regard to Russia. Not only arbitral tribunals in Russian-seated arbitrations, but also its state courts invoke the UNIDROIT Principles, even where the parties did not […]