A Comparative Study of Duration and Commencement of the Limitation Period under the UN Convention on the Limitation Period in the International Sale of Goods, the Uniform Commercial Code and Other Instruments
In international commercial contracts, imposing a time-limit on bringing a legal action through litigation is not only important for the purpose of certainty and protecting parties’ interest, but it is also considered to be essential. Both the Limitation Convention and Uniform Commercial Code (UCC)...
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Allameh Tabataba'i University Press
2015-01-01
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doaj-8f680b812f4e47abb0aa6d8477c3f7a12020-11-25T00:34:59ZfasAllameh Tabataba'i University PressFaṣlnāmah-i Pizhūhish-i Huqūq-i Khuṣūṣī2345-35832015-01-01393361A Comparative Study of Duration and Commencement of the Limitation Period under the UN Convention on the Limitation Period in the International Sale of Goods, the Uniform Commercial Code and Other InstrumentsAmin TaherkhaniMohammad Taghi RafieIn international commercial contracts, imposing a time-limit on bringing a legal action through litigation is not only important for the purpose of certainty and protecting parties’ interest, but it is also considered to be essential. Both the Limitation Convention and Uniform Commercial Code (UCC) establish four year time periods, while DCFR and UNIDROIT 2010 consider three-year time periods. Commencement date of the limitation period plays a significant role in determining this duration. In accordance with provisions of the Convention, the limitation period commences on the date when the claim occurs. In Article 2725 of the UCC, the same criteria are taken into consideration. Hence, in connection with the determination of the commencement date, except in cases where the right to terminate is established, provisions of the UCC are consistent with the Convention. This is why in the UCC, in most cases except for claims arising from fraud, the "discovery rule" to determine the commencement date has been disregarded. By contrast, in UNIDROIT 2010 and DCFR, the "discovery rule" has been applied in all cases. Therefore, except in situations where claims arise from fraud, provisions of the Convention are inconsistent with the two recent instruments. http://jplr.atu.ac.ir/article_1013_e7396f451ee85afecb6f1e3ecda3f70e.pdfDuration and Commencement Date; Articles 8 to 13 of the UN Convention on the Limitation Period; Section 2:725 of the UCC; III7: 203 of the DCFR; 10:2 of the UNIDROIT 2010 |
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language |
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format |
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DOAJ |
author |
Amin Taherkhani Mohammad Taghi Rafie |
spellingShingle |
Amin Taherkhani Mohammad Taghi Rafie A Comparative Study of Duration and Commencement of the Limitation Period under the UN Convention on the Limitation Period in the International Sale of Goods, the Uniform Commercial Code and Other Instruments Faṣlnāmah-i Pizhūhish-i Huqūq-i Khuṣūṣī Duration and Commencement Date; Articles 8 to 13 of the UN Convention on the Limitation Period; Section 2:725 of the UCC; III7: 203 of the DCFR; 10:2 of the UNIDROIT 2010 |
author_facet |
Amin Taherkhani Mohammad Taghi Rafie |
author_sort |
Amin Taherkhani |
title |
A Comparative Study of Duration and Commencement of the Limitation Period under the UN Convention on the Limitation Period in the International Sale of Goods, the Uniform Commercial Code and Other Instruments |
title_short |
A Comparative Study of Duration and Commencement of the Limitation Period under the UN Convention on the Limitation Period in the International Sale of Goods, the Uniform Commercial Code and Other Instruments |
title_full |
A Comparative Study of Duration and Commencement of the Limitation Period under the UN Convention on the Limitation Period in the International Sale of Goods, the Uniform Commercial Code and Other Instruments |
title_fullStr |
A Comparative Study of Duration and Commencement of the Limitation Period under the UN Convention on the Limitation Period in the International Sale of Goods, the Uniform Commercial Code and Other Instruments |
title_full_unstemmed |
A Comparative Study of Duration and Commencement of the Limitation Period under the UN Convention on the Limitation Period in the International Sale of Goods, the Uniform Commercial Code and Other Instruments |
title_sort |
comparative study of duration and commencement of the limitation period under the un convention on the limitation period in the international sale of goods, the uniform commercial code and other instruments |
publisher |
Allameh Tabataba'i University Press |
series |
Faṣlnāmah-i Pizhūhish-i Huqūq-i Khuṣūṣī |
issn |
2345-3583 |
publishDate |
2015-01-01 |
description |
In international commercial contracts, imposing a time-limit on bringing a legal action through litigation is not only important for the purpose of certainty and protecting parties’ interest, but it is also considered to be essential. Both the Limitation Convention and Uniform Commercial Code (UCC) establish four year time periods, while DCFR and UNIDROIT 2010 consider three-year time periods. Commencement date of the limitation period plays a significant role in determining this duration. In accordance with provisions of the Convention, the limitation period commences on the date when the claim occurs. In Article 2725 of the UCC, the same criteria are taken into consideration. Hence, in connection with the determination of the commencement date, except in cases where the right to terminate is established, provisions of the UCC are consistent with the Convention. This is why in the UCC, in most cases except for claims arising from fraud, the "discovery rule" to determine the commencement date has been disregarded. By contrast, in UNIDROIT 2010 and DCFR, the "discovery rule" has been applied in all cases. Therefore, except in situations where claims arise from fraud, provisions of the Convention are inconsistent with the two recent instruments.
|
topic |
Duration and Commencement Date; Articles 8 to 13 of the UN Convention on the Limitation Period; Section 2:725 of the UCC; III7: 203 of the DCFR; 10:2 of the UNIDROIT 2010 |
url |
http://jplr.atu.ac.ir/article_1013_e7396f451ee85afecb6f1e3ecda3f70e.pdf |
work_keys_str_mv |
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