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The Dogmatic and Practical Implications of Article 78 of the United Nations Convention on Contracts for the International Sale of Goods on Claims for Interest under International Sales Contracts,
Friso Garbers  * 

1. Introduction

2. Function of Article 78 - Ratio Legis

3. Legislative History of Article 78 CISG

3.1 Previous Provisions and Drafts relating to Article 78 CISG
3.2 The Final Legislation of Article 78 CISG in Vienna

4. Proper Determination of the Interest Rate in Terms of Article 78 CISG

4.1 The Concept of a Uniform Legal Norm Providing for Interest
4.1.1 Application of a Special Connecting Factor Leading to the Seller's Place of Business
4.1.2 Application of a Special Connecting Factor Leading to the Debtor's Place of Business
4.1.3 Application of an International Rate of Interest (LIBOR)  72 
4.1.4 Application of the Usual Rate at the Place of Performance
4.2 The Concept of the Application of Domestic Law - the International Private Law Approach
4.2.1 The Law Applicable to the Sales Contract
4.2.2 Application of the Law of the Creditor's or the Debtor's Country
4.2.3 The Currency of Payment as a Special Connecting Factor Leading to the Applicable Law
4.3 Various Approaches Taken by Courts and Arbitral Tribunals to the problem of interest

5. Conclusion

Endnotes

Endnotes

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Friso Garbers

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Title:

The Dogmatic and Practical Implications of Article 78 of the United Nations Convention on Contracts for the International Sale of Goods on Claims for Interest under International Sales Contracts

Creator:

Friso Garbers

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Copyright: CISG Database, Pace Institute of International Commercial Law. Reproduced with permission of the author.

Date:

2003-09-22

Date available:

2003-12-09

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Subject:

CISG Article 78

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