Select Cases by Article & Issues
 Article #  

  Damages for breach of contract by one party consist of a sum equal to the loss, including loss of profit, suffered by the other party as a consequence of the breach. Such damages may not exceed the loss which the party in breach foresaw or ought to have foreseen at the time of the conclusion of the contract, in the lights of the facts and matters of which he then knew or ought to have known, as a possible consequence of the breach of contract.


Issues       
# Cases
 1 Right to claim damages
32
  1.1 Losses suffered due to breach
68
   1.1.1 Lost profits
33
   1.1.2 Devaluation of currency
7
   1.2.3 Costs for legal assistance
8
 2 Limitations
2
  2.1 Unforeseeable losses
16
  2.2 Mitigable losses
2
 3 Burden of proof
4
 4 Penalty and liquidated damages clauses
7
  4.1 Validity determined by (applicable) domestic law
4
 5 Contractual agreements to limit damages
Country # Cases  
Finland 1  
Russian Federation 2  
Date Court
23.11.1994 Tribunal of Int'l Commercial Arbitration at the Russian Federation Chamber of Commerce
04.04.1998 Tribunal of Int'l Commercial Arbitration at the Russian Federation Chamber of Commerce
3
  5.1 Validity determined by (applicable) domestic law
 6 Place of payment of damages
1
Total: 142


all cases related to this article