‘Can the Adoption of the CISG Save the Commercial Relationship of Parties in India?’

“Commerce cannot thrive if contractual bargains are not enforced by law. Such enforcement has to be predictable, consistent and accessible. The parties need to be reassured that the law will protect the ‘benefit of their bargain’ or, in the alternative, provide suitable remedies. In a move affirming the ‘civil’ approach towards enforcement of contracts, the Government of India enacted the Specific Relief (Amendment) Act (Act) on August 1, 2018, to make specific relief effective and conducive for doing business in India …” (more)

[Ajar Rab and Siddharth Jain, Oxford Business Law Blog, 28 May]

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