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In any case, regardless of whether it's for purposes of contract law or copyright, web sites that deal in media restricted by region have shown it's possible to geo-block by region. The geo-blocking isn't completely effective and can be easily circumvented by those who know how--but then, DRM on ebooks, movies, etc. isn't completely effective either and can also be easily circumvented by those who know how, yet the publishers and studios still clamor for it.
In that light, I predict courts are going to be a lot more likely to say, "Well? If you can geo-block, then why aren't you?"
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