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This study conducts a closer look at the >clausula rebus sic stantibus<, especially with a view to present societal and legal challenges in the context of the global financial crisis, Brexit, the Covid19-pandemic and the war in Ukraine. En route clarifying details are included regarding the specific way the >clausula< conducts its - desirable balancing - influence. Various codifications are introduced, several important cases are presented and the concept's relevance is considered with focus on international business law. On its way, this survey offers various aspects and a point of view on the >clausula rebus sic stantibus< in relationship to >pacta sunt servanda< that should help to scatter the widespread suspicion of this mighty concept.