International sales: Portugal signs the Vienna Convention on the International Sale of Goods

During the summer, Portugal started procedures to become a party to the 1980 Vienna Convention on the International Sale of Goods (the Convention) by signing it. The accession was successfully completed on August 7th and the Convention will enter into force for Portugal on 1 October 2021, thus making it the 94th State Party to the CISG.

This event is significant from various points of view:

i. with the ratification by Portugal, the Convention enters into force in 24 states of the European Union (with the exception of Malta and Ireland);

ii. the regime provided for by the Convention consists of a balanced system of solutions that also allow efficient management of transaction costs and therefore more competitive prices for imported and exported goods. This is beneficial for trade in general and, from the Portuguese point of view, it will allow exporters to sell products following much more competitive prices in global markets;

iii. by signing the Convention, Portugal will be able to benefit from the uniform and neutral regime for the management of international sales, as well as the rules on dispute resolution.

Specifically, unless its application is expressly excluded, the Convention will apply for example to sales relations between Italian and Portuguese companies, with the consequent application of all the rules on how to conclude the contract, the obligations of the parties, the responsibility in case of non-fulfillment, as well as the conformity parameters of the goods and the deadlines for reporting defects by the buyer.

Luca Davini
Avvocato in Milan and Turin

#internationalsalePortugal #PortugalCISG #PortugalsignsViennaConvention #internationaldistribution #internationalsale #internationalagency #internationalcontracts #internationalinvestments #CISG

Condividi su:

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Marcello

Dear Aurelia, the information you have provided are not sufficient for an answer which is subject to a professional engagement. In any case, we should study the provisions of the contract and identify governing law of the contract.If it does not provide anything on governing law then conflict law shall apply (in the most part of the countries likely the governing law will be the law of the country where the agent is domiciled). best regards Marcello Mantelli

VAI AL COMMENTO
Aurelia

I signed a contract with a fashion agency but there were no termination clauses in the contract and decided to withdraw it before one week after signature so sent them an email but after 14 days they sent me an email and asserted that because i didnt withdraw in legal deadlines i have to perform the contract and pay whole money.Noboday told me about any deadlines and nothing was in the contract!! Why did they claim such a thing?

VAI AL COMMENTO

Follow Us