What is the ratio in Gamerco SA v ICM/Fair Warning?

Government prohibition that makes contract performance impossible can frustrate a contract, with pre-frustration expenses apportioned according to what is just under the Law Reform (Frustrated Contracts) Act 1943.

What did the court decide in Gamerco SA v ICM/Fair Warning?

The Court of Appeal held that the Spanish government's ban on the concerts frustrated the contract and apportioned losses between the parties based on their respective expenditure.

Why is Gamerco SA v ICM/Fair Warning important for contract law?

It demonstrates how frustration applies to entertainment contracts and provides practical guidance on recovering expenses under the Law Reform (Frustrated Contracts) Act 1943.

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