Review: "Long Term Contracts" by Kanaga Dharamananda and Leon Firios, Federation Press, Sydney, 2013

Abstract

This volume, derived from a conference held in Perth in 2012 and edited by a senior counsel with a junior solicitor from Western Australia, adds a useful combination of theoretical and practical papers to the growing literature on long-term contracts (LTCs), especially for Australian and other common law jurists. With a focus on resources and energy contracts, the book is a welcome in-depth addition to more commercially orientated publications on the subject. It is particularly topical given attempts by buyers in countries such as Japan, which takes 75 per cent of Australia's exports of liquefied natural gas (LNG), to renegotiate its long-term supply contracts with Australian suppliers.