COMPENSATION FOR DAMAGE CAUSED BY BREACH OF CONTRACT UNDER CISG 1980 – COMPREHENSION WITH VIETNAMESE LAWS

Breach of contract has become a widespread phenomenon and is considered an important topic worldwide. The principles for dealing with breach of contract have also become more critical in the national and international legal system. As a result, legal sanctions are rigorously applied and harmonized in legal systems. Accordingly, the principles of compensation for damage caused by a breach of contract have also been improved. At the United Nations Convention on Contracts for the International Sale of Goods (Vienna, 1980) (CISG), these principles are clearly defined, have become basic principles, and applied in many countries. This article will study compensation principles for breach of the commercial contract specified in the CISG and the practical application in Vietnam.

COMPENSATION FOR DAMAGE CAUSED BY BREACH OF CONTRACT UNDER CISG 1980 - COMPREHENSION WITH VIETNAMESE LAWS

Breach of contract has become a widespread phenomenon and is considered an important topic worldwide. The principles for dealing with breach of contract have also become more critical in the national and international legal system. As a result, legal sanctions are rigorously applied and harmonized in legal systems. Accordingly, the principles of compensation for damage caused by a breach of contract have also been improved. At the United Nations Convention on Contracts for the International Sale of Goods (Vienna, 1980) (CISG), these principles are clearly defined, have become basic principles, and applied in many countries. This article will study compensation principles for breach of the commercial contract specified in the CISG and the practical application in Vietnam.