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What is Extraordinary Inflation and Contracts about?

1) The case involved disputes over rental contracts between landlords and commercial tenants regarding increases in rent amounts due to inflation or currency devaluation. 2) The courts ruled that extraordinary inflation or deflation as defined by Article 1250 of the Civil Code did not exist in the periods covered by the contracts. Official declarations of such situations by competent authorities were lacking. 3) Common fluctuations in currency values over decades did not qualify as the extraordinary change

Author

MikkaEllaAncla

Language

EN