Law Commons^™

Chronicles Of A Failure: From A Renegotiation Clause To Arbitration Of Transnational Contracts, Luigi Russi

Luigi Russi

The present paper recounts the various steps which parties to a transnational contract containing a renegotiation clause may need to go through, should the circumstances accounted for in the renegotiation clause come to existence. To this end, the article sets off from an outline of the most relevant structural features and functions of renegotiation clauses, and of the typical obligations which may derive therefrom.

Secondly, the paper’s focus narrows down to the – by no means infrequent – case of failure to renegotiate in presence of an arbitration clause governing the parties’ agreement. In the latter case, in particular, several …