Global Commercial Contracts

Global Commercial Contracts provides a comprehensive analysis of international commercial contracts, combining doctrinal clarity with practical insight. It examines the evolution and harmonization of international trade law, highlighting key instruments such as the CISG, the UNIDROIT Principles of International Commercial Contracts (PICC), and other important international instruments in the field. The book begins by exploring the growth of international trade and the rationale for uniform law, followed by a historical and institutional review of harmonization efforts. It addresses the scope and application of various instruments, emphasizing party autonomy, freedom of contract, and the interplay of hard and soft law. Subsequent chapters detail the formation, validity, interpretation, and supplementation of contracts, as well as the parties’ obligations—delivery, conformity of goods, payment, and risk of loss. A significant focus is placed on remedies for breach, including specific performance, avoidance, damages, price reduction, and interest, analysed in light of comparative and uniform approaches. The book further discusses the unwinding of contracts due to invalidity or breach and the preservation of goods during disputes. Finally, it examines limitation of actions, clarifying the interaction between domestic regimes, the CISG, the PICC, and the Limitation Convention. Throughout, Global Commercial Contracts integrates the latest case law on the topics it addresses and strikes a careful balance between theoretical foundations and practical considerations, making it an indispensable resource for academics, practitioners, and students engaged in international commercial transactions.