The Parties Remedies under the United Nations Convention on Contracts for the International Sale of Goods

E.M. Voronin The Parties Remedies under the United Nations Convention on Contracts for the International Sale of Goods 1980. This graduate paper is aimed at considering versatile aspects of regulating and using of the parties remedies under the United Nations Convention on Contracts for the International Sale of Goods (CISG). The main objectives of the paper are: (a) to examine history of formation of the institute of the parties remedies on contracts for the international sale of Goods; (b) to analyze the main types of the parties remedies under the CISG; (c) to examine the parties remedies both on making and breaking contracts for the international sale of goods in details; (d) to study the main parties remedies: fulfillment of duties and compensating for loss. Based on this research the following conclusions were made: firstly, a total development and appointment of the parties remedies on contracts for the international sale of good on the international level was made only in the XX-th century; secondly, nowadays there is a great variety of types among which the parties remedies are distinguished depending upon subject structure, remedies volume, nature including the defending interest; thirdly, a list of appropriate remedies depends upon economic interest of a businessman to reserve or to break contract relationship; fourthly, at reserving contract terms the parties have a right to demand compensating in a proper way including forfeit, loss recovery. At contract breaking the parties release from their duties having a right on claiming for loss compensating. Academic Supervisor: Aleksandra Kasatkina, C.J.S., associate professor, the Assistant of Head of the Department of Public and Private International Law, Faculty of Law, National Research University «The Higher School of Economics»