Abstract
As many other legal systems, Brazilian law is not strictly attached to the “pact sunt servanda” anymore. There has been a significant mitigation of the binding force of contracts in the last 20 or 30 years. The Brazilian Consumer Code (1990) and the Brazilian Civil Code (2002) provides for different remedies that might be used in case of unpredictable events that cause severe change to the contractual balance. This brief article examines such remedies and how Brazilian Courts have been using them in connection with financial crises, both in national and international levels.
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