Thinking, small and large: can the CISG help SMEs and if so, how?

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Abstract

The importance of small and medium-sized enterprises (SMEs) is clear, yet there is a dearth of research regarding the legal implications flowing from their decisions in international trade. This chapter examines SME contracting behaviours in the context of the CISG. It utilizes SME perceptions regarding cross-border contracting risks and SME strategies identified by Petra Butler and others to consider whether the CISG as a default law adds value for SMEs engaging in cross-border trade given the real legal risks and costs which actually face them. The chapter briefly reviews a number of challenges facing SMEs, such as pandemics, environmental regulation, geopolitical change, smart contracts and growing opportunities within Islamic-influenced legal systems and asks whether the CISG can benefit SMEs in the face of these future challenges.
Original languageEnglish
Title of host publicationThe Elgar companion to UNCITRAL
EditorsRishi Gulati, Thomas John, Ben Köhler
Place of PublicationCheltenham, UK ; Northampton, USA
PublisherEdward Elgar Publishing
Chapter18
Pages356-375
Number of pages20
ISBN (Electronic)9781803924540
ISBN (Print)9781803924533
DOIs
Publication statusPublished - 2023

Publication series

NameElgar Companions to International Organizations
PublisherEdward Elgar

Keywords

  • Small and Medium Enterprises (SME)
  • CISG
  • decision analysis
  • international trade
  • Vienna Sales Convention
  • SME
  • SME exporters

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