This book addresses one of the more controversial dilemmas in transnational contract law, especially in times of economic volatility and change - how should the law and its agents assist in ensuring that contracting parties are held to their promises whilst seeking to prevent economic waste and disorder, both for the parties and society. We live in extremely challenging economic times - the huge financial maelstrom that broke in 2008 and the after-shock effects will remain with us for years t...