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23 Eur. J.L. Reform 185 (2021)
Finding an Ideal Contract Law Regime for the International Sale of Goods: A Comparative Study on the Remedy of Termination for Breach of Contract under the United Nations Convention on Contracts for International Sale of Goods (CISG), the UNIDROIT Principles of International Commercial Contracts (PICC) and the Gambia Sale of Goods Act

handle is hein.journals/ejlr23 and id is 189 raw text is: Finding an Ideal Contract Law Regime for the International Sale of Goods A Comparative Study on the Remedy of Termination for Breach of Contract under the United Nations Convention on Contracts for International Sale of Goods (CISG), the UNIDROIT Principles of International Commercial Contracts (PICC) and The Gambia Sale of Goods Act Buba Ceesay* Abstract Parties enter into contracts for obtaining specific contractual benefits, and, as a re- sult, they engage in risk allocation hoping that each will keep to its promise. These expectations are sometimes shattered by a breach by one of the parties. The contract at times provides remedies for breach of contract. However, in most cases, the par- ties' contract leaves the regulation of the breach to the governing law of the contract. The efficiency of a remedial rule can be judged from the balance that it has put in place in ensuring the risks involved in international transactions are not skewed against the breaching party just because it is in breach. This article thus makes a comparative study between the United Nations Convention on Contracts for Inter- national Sale of Goods (CISG), UNIDROIT (International Institute for the Unifica- tion of Private Law) Principles of International Commercial Contracts (the PICC) and Sales Act (Act No. 4 of 1955) of The Gambia (GSGA) on the right of a creditor to terminate a contract to elucidate the similarities and the differences among the three regimes and to determine which of the regimes provides a suitable contract law model for the international sales of goods. The article reviews and analyses the legal instruments, case law and academic writings under the regimes and concludes that the CISG provides the most suitable contract law model for the international sale of goods. Keywords: contracts, termination of contracts, CISG, International Sale of Goods, Unidroit Principles, the Gambia, comparative law. * Buba Ceesay is an LLM candidate at the University de Fribourg. Special appreciation to Professor Christiana Fountoulakis, Dr iur, Professor of Private Law and European Private Law, University of Fribourg, Switzerland, for guiding this research paper and helping in having the final version ready for publication. European Journal of Law Reform 2021 (23) 2 185 doi: 10.5553/EJLR/138723702021023002003