FORCE MAJEURE IN PAST ARBITRATION COURT RULINGS IN THE CIS COUNTRIES: COMPARATIVE ANALYSIS OF RULES OF NATIONAL LEGISLATION AND PRIVATE INTERNATIONAL LAW BY THE CIS ECONOMIC COURT (PART 1)
Abstract and keywords
Abstract (English):
The need for proper legal study of issues relating to the circumstances that exempt the participants of civil-law relations from liability, is caused, on the one hand, by the development of business activity and the increase in the number of civil transactions concluded both within the national and foreign economic context; and, on the other hand — by the social and political events that take place on the territory of some Commonwealth states and the rise of controversial legal issues during the consideration by the courts of economic activity, in relation to classification of certain circumstances as force majeure, because so far no clear criteria for the application of this concept have been worked out in practice. The study of the problems on this issue is based on the information from the CIS Economic Court about the practice of establishing force majeure circumstances during commercial litigation by the courts of the Commonwealth state members. In order to determine the adequacy of legal regulation by the Court of the studied aspects, the author has conducted, in the first place, a comparative analysis of legal enactments of participant-states, that envisage the exemption from liability as a result of force majeure, and also has studied rules of private international law governing the establishment of force majeure. The synthesis of these materials has revealed certain approaches to the interpretation of concepts and features of force majeure in the legislation of the CIS countries and the private international law. The first part of the article is dedicated to the discussion of these issues.

Keywords:
Commonwealth of Independent States, the CIS Economic Court, force majeure circumstances, civil codes, UNIDROIT principles, ICC force majeure clause.
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