BREXIT AS A FRUSTRATING EVENT? – REFLECTIONS BY THE DOCTRINE OF FRUSTRATION OF CONTRACT IN ENGLISH LAW

Abstract

On 23 June 2016, a referendum took place in the United Kingdom (and Gibraltar) about the EU membership. 51.9% of voters was in favour of leaving the European Union. On 29 March 2017, the then British Prime Minister, Theresa May, based on the result of the referendum and having the consent of the Parliament, expressed the UK’s intention to leave the EU.

Since that time, the withdrawal of the United Kingdom from the European Union has constantly been in the centre of the attention of the representatives of the various fields of law. Experts have been pondering, how the leaving would go, will be a deal between the UK and the EU, or a ‘no-deal Brexit’ will take place, which impact will Brexit have on the labour market and the trade, and so on. Nevertheless, among the mostly public law consequences relatively little to say about those impacts, which Brexit has on the contractual relationships.

The main aim of the study is to give a respond to the question outlined in the title above.