EUROPEAN UNION RESTRICTIVE MEASURES AS FORCE MAJEURE IN THE CIVIL AND LEGISLATIVE TURNOVER
Abstract
Application of restrictive measures by the EU to natural and legal persons, on the first hand in the form of freezing assets, prevents their fulfillment of contracts obligations, is able to infringe interests of their counteragents as well as states. This article focuses to the notion and characteristics of force majeure in contract law, determines specifics of the EU restrictive measures, and assesses possibility to view these measures as force majeure in civil litigation.
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