This is an un-footnoted manuscript version of my review, forthcoming in the Journal of Contract Law (with the footnoted version available at http://ssrn.com/abstract=2557209), of:
Long Term Contracts, Kanaga Dharamananda & Leon Firios (eds)
Federation Press, Sydney, 2013, ISBN 987 186287 915 7, xxxviiii + 419pp, A$225.
The volume, derived from a conference held in Perth in 2012 and edited by a senior counsel with a junior solicitor from Western Australia (WA), 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% of Australia’s exports of liquefied natural gas (LNG), to renegotiate its long-term supply contracts with Australian sellers.