For the last two decades, the United Nations Convention on Contracts for the International Sale of Goods (CISG) and the International Institute for the Unification of Private Law’s (Unidroit) Principles of International Commercial Contracts (PICC) have stood as cornerstones in the efforts to modernize and harmonize international contract law. However, at the two most recent sessions of the United Nations Commission on International Trade Law (UNCITRAL), the adequacy of the CISG and the PICC has been the subject of substantial debate, with some calling for the development of an entirely new framework to harmonize general contract law. The USA, however, believes that further modernization and harmonization of international contract law can best be achieved by continuing the use of the existing structure …
Michael J Dennis, Modernizing and harmonizing international contract law: the CISG and the Unidroit Principles continue to provide the best way forward. Uniform Law Review (2014) doi: 10.1093/ulr/unu003. First published online: February 12, 2014.