The USV Annals of Economics and Public Administration, Vol 13, No 2(18) (2013)

Font Size:  Small  Medium  Large

Principle of availability in the matter of the reducibility of the penalty clause

Maria Mioara Dumitru

Abstract


Being receptive to doctrinaire advocacies prior to October 1st 2011 and taking into consideration the social and economical realities of the last decades, the Romanian legislator, in art. 1541 of the civil Code gives the court the power to reduce the evidently excessive penalty clause in relation to the prejudice that could have been foreseen by the parties at the date on which the contract was signed. Amid the silence of the legislator and taking into account the disposition right of the parties over the object of the civil trial, we propose to find whether the court can diminish the obviously excessive penalty clause only when invested with such request or whether this prerogative can be exercised ex officio.

 

Keywords: reducing excessive penalty clause, principle of availability

Full Text: PDF

                     Ştefan cel Mare University of Suceava                   Faculty of Economics, Administration and Business
 

 

Licenţa Creative Commons
The articles in this journal are licensed under a Creative Commons Attribution-ShareAlike 4.0 International License .

Since 2008. Maintained by Livius.