VIENNA CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS: WHERE TO NEXT? Cover Image

BEČKA KONVENCIJA O MEĐUNARODNOJ PRODAJI ROBE: KAMO DALJE?
VIENNA CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS: WHERE TO NEXT?

Author(s): Vedad Silajdžić, Fatima Mahmutćehajić
Subject(s): Business Economy / Management, International Law, Economic policy, International relations/trade, Political economy
Published by: Ekonomski fakultet u Sarajevu
Keywords: UN Convention on Contracts for the International Sale of Goods; international sale of goods; unification of law; international contract law;

Summary/Abstract: For many years, there have been attempts at the international level to find the most efficient methods of overcoming legal obstacles in the area of international sale of goods and various regional values and other particularities. However, in practice it has proved to be rather difficult to reach the consensus among states on the model and method of unification. The UN Vienna Convention on Contracts for the International Sale of Goods is certainly the most significant and imperative source of law of international sale of goods, and it represents the most successful result of unification of international contract law so far. The Convention is the result of a long process of negotiations and harmonisation. It is necessary to point out that the Vienna Convention has been adopted by “each geographic region and all major legal and economic systems”, and that nowadays, two thirds of all international transactions are concluded within the regime of the Vienna Convention. It remains an open question whether an international legal consensus can be reached on the issues that the Convention has not covered. The goal of this paper is to present and explain the importance of the reform of international contract law, advantages, disadvantages andthe possibility of further unification of international contract law at the global level.

  • Issue Year: 2019
  • Issue No: 37
  • Page Range: 126-136
  • Page Count: 11
  • Language: Bosnian