A BRIEF OVERVIEW OF THE EFFECTS OF CONTRACTUAL IMPREVISION

This study is aimed to review the provisions of article 1271 of the New Civil Code and, in particular, the effects of contractual imprevision. We have attempted to outline the possibilities that this relatively new institution which has appeared in the Romanian legal landscape makes available to the parties in view of restoring the contract equilibrium further to the occurrence of exceptional circumstances, namely the limits set for the subsidiary intervention of the court when negotiations fail