Renegotiations in International Business Transactions

Pacta sunt servanda may still be good international law, but international business contracts are challenged and changed with some frequency, especially by governments. Zambian copper, ITT in Chile, Indonesian oil and Kuwaiti real estate development in North Carolina do not lend themselves to much generalization, but Professor Stoever of Rutgers analyzes these cases most systematically, in the hope of easing future renegotiations (not preventing them).