An Analysis of Market-Based Damages for Breach of Contract in the CISG and PECL
AN INTERNATIONAL APPROACH TO THE INTERPRETATION OF THE UNITED NATIONS CONVENTION ON CONTRACTS FOR THE SALE OF GOODS, John Felemegas, ed., Cambridge University Press, 2007
7 Pages Posted: 6 Jun 2006
This essay studies the availability of market-based damages for breach of contract as a substitute for standard expectation damages in the law of international sales. It focuses on two major contractual regimes: the UN convention on Contracts for the International Sales of Goods, 1980 (CISG) and the European Principles of Contract Law, 2003 (PECL), as well as on several judicial opinions from different legal systems applying the CISG and other relevant law.
Keywords: Contract, CISG, PECL, Price Damages, Current Price and Risk
JEL Classification: J41, K12, K10, K33, K49, K11, L14, M55, K00
Suggested Citation: Suggested Citation