CEU Electronic Theses and Dissertations, 2017
| Author | Mzhelskiy, Alexander |
|---|---|
| Title | Legal Remedies Available in Cases Involving Currency Fluctuations: a Comparative Observations From the Laws and Practice of Germany, Russia and the U.S.A. |
| Summary | Currency related risks are the very important consideration for emerging economies. As long as those economies aren’t stable enough, contracting parties tend to denominate contract prices in a stable currency, such as US Dollar or Swiss Franc. But in the case of a devaluation of the national currency, performance of the contract may become extremely onerous for the party. One can observe that legal systems of the emerging economies usually aren’t prepared for such scenarios and try to deal with those problems on a casu ad casum basis. The thesis compares and analyze solutions to this problem provided by leading Common Law and Civil Law jurisdictions (USA and Germany respectively). Also, thesis will analyze problems emerged in Russia in relation to the economic downturn and solutions proposed by the Russian legal system. |
| Supervisor | Petsche, Markus |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2017/mzhelskiy_alexander.pdf |
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