Comparative-Legal Analysis of Penalty Clause and Commercial Bet Cover Image

Сравнително-правен анализ на неустойката и търговския залог
Comparative-Legal Analysis of Penalty Clause and Commercial Bet

Author(s): Jana Lecheva
Subject(s): Commercial Law
Published by: Икономически университет - Варна
Keywords: penalty; commercial law; commercial contract; trade relations; commercial bet

Summary/Abstract: The Penalty institute is a convenient and versatile collateral instrument that is widely used in commercial practice. Therefore, the investigation of the effectiveness of the penalty, as well as the disclosure of its advantages over other collateral arrangements, are of great practical significance. A comparative analysis between the penalty institute and the commercial bet has been carried out in this paper. The essence of the research institutes, their scope, the similarities and the differences between them are analyzed. The article focuses on highlighting the advantages of the penalty against the commercial bet, taking into account criteria such as: degree of risk mitigation, functionality and effective implementation of each of the tools investigated in the field of commercial law.

  • Issue Year: 62/2018
  • Issue No: 4
  • Page Range: 451-462
  • Page Count: 12
  • Language: Bulgarian