Journal of Private Law

Journal of Private Law

International Sanctions And International Commercial Contracts; By Emphasizing On Risk Management Approach

Authors
Abstract
Nowadays International economic sanctions are one of the means for changing behavior of governments, legal and natural individuals. Furthermore, economic sanctions are considered as the pre option of military contacts in international scope. The inquiry about the history of using economic sanctions in international extent shows sanctions have failed to achieve considerable success in changing the behaviors of its targets. However, the effects of sanctions on political, economic, social and even cultural aspects in target are not deniable. In this regard, commercial scope, especially in international commercial contracts was always one of the most important grounds for impact. Initially, force majeure has emerged as the typical defense against claim of non-performance in contracts. Meanwhile, after the extension and the length of sanction usages in different situations, there were no grounds for force major to be invoked. Therefore, activists of the scope tried to reduce the risk of economic sanctions, which means sanctions management. The management prepares the possibility of continuing commercial activities even in sanction statues. The essay is going to consider different aspects of economic sanction in commercial activities and review risk management solutions of it.
Keywords

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