Subject:
Law
Credit units:
3
Offered:
Either Term 1 or Term 2
Weekly hours: 3 Lecture hours
College:
Law
Department: Law (Dean's Office)
Description
Addresses a variety of issues that arise in the context of international private sales transactions and the law that is applicable to their solution. Introduction to basic conflict of laws (private international law) rules that determine how the law applicable to a particular contractual issue is determined. The United Nations Convention on Contracts for the International Sale of Goods is examined and the effect of its application to central features of an international sale of goods contract are explored. The law applicable to digital communications in contract formation is examined. Examines methods of payment and security mechanisms such as letters of credit (governed by the Uniform Customs and Practices for Documentary Credits), security agreements, financing leasing, factoring, forfaiting, standby letters of credit and export credit insurance. International instruments such as the Convention on International Interests in Mobile Equipment, 2001 and the Convention on Assignments in Receivable Financing, 2002 are examined. Litigation in domestic courts arising out of disputes between parties is examined with focus on jurisdiction and foreign judgement recognition. Since dispute settlement through international arbitration is a common feature of modern international contracting, both domestic arbitration law (The Arbitration Act) and international arbitration law (International Commercial Arbitration Act) are considered in detail.
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