NERA is delighted to partner with Open de Arbitraje 2024, which will take place 8–9 May. NERA will host an event during the conference.
On 9 May at 16:40 CEST, join us for a session titled “Commercial Arbitrations in the Context of Sudden Changes in the Environment.” Senior Managing Director Fabrizio Hernández will moderate a panel of experts, including Director Stefan Berger, Baker McKenzie Partner Carmen Alonso, Arias SLP Partner Luis Capiel, and Universidad Autónoma de Madrid Professor and Arbitrator Miguel Virgós. The panel will discuss recent trends in contractual clauses commonly invoked in the event of unexpected circumstances that alter the contractual balance, including how to attribute risks not expressly mentioned in the contract, what objective criteria a court has to readjust the contract in an equitable manner, and whether parties should be induced to negotiate before the court adopts the contract to the new circumstances.