CISG vs. Regional Sales Law Unification 2007
DOI: 10.1515/9783866539662.97
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CISG vs. CESL

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Cited by 172 publications
(3 citation statements)
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“…As noted earlier, the fact that it is an opt‐in instrument does not bode well for its implementation. Behavioral law and economics or behavioral decision theory notes that opting‐in is less likely to be employed because the parties are often unaware of the opt‐in instrument, the high transaction costs of learning a new legal regime acts, and parties generally prefer to stay with what they perceive as the status quo (Sunstein, 2000; Simon, 1955; Samuelson and Zeckhauser, 1988; Korobkin, 1998; Magnus, 2012) In the case of an English internet trader or SME, the party is likely to feel more comfortable with the application of the pre‐existing UK's Sale of Goods Act. In Germany, an SME is likely to feel more comfortable with the CISG and its surrounding German jurisprudence or opting into the BGB, then opting into a new alternative national sales regime.…”
Section: Consumer “Acquis” and Conspiracy Theorymentioning
confidence: 99%
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“…As noted earlier, the fact that it is an opt‐in instrument does not bode well for its implementation. Behavioral law and economics or behavioral decision theory notes that opting‐in is less likely to be employed because the parties are often unaware of the opt‐in instrument, the high transaction costs of learning a new legal regime acts, and parties generally prefer to stay with what they perceive as the status quo (Sunstein, 2000; Simon, 1955; Samuelson and Zeckhauser, 1988; Korobkin, 1998; Magnus, 2012) In the case of an English internet trader or SME, the party is likely to feel more comfortable with the application of the pre‐existing UK's Sale of Goods Act. In Germany, an SME is likely to feel more comfortable with the CISG and its surrounding German jurisprudence or opting into the BGB, then opting into a new alternative national sales regime.…”
Section: Consumer “Acquis” and Conspiracy Theorymentioning
confidence: 99%
“…Magnus notes that if CESL is enacted it represents the:[…] first time that the EU codifies contract law and tries to enact a complete regulation of the most important contract type. It is a great step ahead from piecemeal legislation in the past to this new codifying approach (Magnus, 2012). …”
Section: Consumer “Acquis” and Conspiracy Theorymentioning
confidence: 99%
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