ry extreme circumstances.
For many reasons, the international legal system offers exporters inadequate protection against such risks. This is true for many reasons, including differing responses of various national legal systems in dealing with the problem of impossibility or impracticability of performance, problems of enforcement and the general reluctance of courts around the world to grant contracting parties relief in the form of excusing or suspending their obligation to perform except in a very narrow range of circumstances. Some measure of predictability has been afforded by the Convention on Contracts for the International Sale of Goods (CISG), but that law is largely untested and many nations including Britain, most of the British Commonwealth, Japan and many less developed countries, are not yet parties to CISG.
Justification for Problem Definition
Although the failure of the international legal system to provide adequate remedies to parties involved with extraordinary risk situations is the superficial nature of the problem, its deeper manifestation relates to the grave practical difficulties faced by contracting parties in the real world in protecting their interests and making business dec
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