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CISG CASE PRESENTATION

Hungary 20 December 1993 Budapest Arbitration proceeding Vb 92205 (Shares of stock case)
[Cite as: http://cisgw3.law.pace.edu/cases/931220h1.html]

Primary source(s) for case presentation: Michael R. Will; UNCITRAL abstract; Unilex abstract; case commentaries

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Case identification

DATE OF DECISION: 19931220 (20 December 1993)

JURISDICTION: Arbitration ; Hungary

TRIBUNAL: Arbitration Court of the Chamber of Commerce and Industry of Budapest

JUDGE(S): Harmathy Attily, chairman; Horvath Jenö, Nemeth János, arbitrators

CASE NUMBER/DOCKET NUMBER: Vb 92205

CASE NAME: Unavailable

CASE HISTORY: Unavailable

SELLER'S COUNTRY: Hungary (claimant)

BUYER'S COUNTRY: Germany (respondent)

GOODS INVOLVED: Share of stock in limited liability company

Case abstract

HUNGARY: 20 December 1993 Arbitration Court of Budapest Chamber of Commerce and Industry

Case law on UNCITRAL texts (CLOUT) abstract no. 161

Reproduced with permission from UNCITRAL

The [seller] requested the arbitral court to ascertain whether a valid contract had been concluded between the [seller] and the [buyer] for the sale of shares in a Hungarian limited liability company. Both the country of the [seller] and that of the [buyer] were States Parties to the CISG.

The arbitral court distinguished between the sale of goods and the sale of rights and held that the CISG was not applicable since the contract at issue dealt with the sale of rights and thus did not fall within the ambit of the CISG (article 1(1)(a) CISG) .

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Classification of issues present

APPLICATION OF CISG: No

APPLICABLE CISG PROVISIONS AND ISSUES

Key CISG provisions at issue: Article 2(d) [Also cited: Article 1(1)(a) ]

Classification of issues using UNCITRAL classification code numbers:

2D [Exclusions from Convention: shares, securities, money paper, money]

Descriptors: Scope of Convention ; Stocks, shares, investment securities

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Editorial remarks

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Citations to other abstracts, case texts and commentaries

CITATIONS TO OTHER ABSTRACTS OF DECISION

English: Unilex database <http://www.unilex.info/case.cfm?pid=1&do=case&id=70&step=Abstract>

Italian: Diritto del Commercio Internazionale (1995) 452 No. 72

Polish: Hermanowski/Jastrzebski, Konwencja Narodow Zjednoczonych o umowach miedzynarodowej sprzedazy towarow (Konwencja wiedenska) - Komentarz (1997) 293

CITATIONS TO TEXT OF DECISION

Original language (Hungarian): Printed text may be obtained from UNCITRAL

Translation (German): Praxis des internationalen Privat- und Verfahrensrechts (IPRax) 1995, 52-53 [excerpts from opinion]

CITATIONS TO COMMENTS ON DECISION

English: Honnold, Uniform Law for International Sales (1999) 49 [Art. 2 (sale of shares), 55 [Art. 2 (sale of all or part of an enterprise)]; Ferrari, International Legal Forum (4/1998) 138-255 [195 n.498 (definition of "goods")]; Ferrari, 15 Journal of Law and Commerce (1995) 64-67; Curran, 15 Journal of Law and Commerce (1995) 175-199 [180-181] [English summary of comments by Witz cited below] [ commentaries refer to the definition of "goods" under the CISG, citing this and other cases]

French: Witz, Les premières applications jurisprudentielles du droit uniforme de la vente internationale (L.G.D.J., Paris: 1995), 32-34 n.38

German: Vida, Praxis des internationalen Privat- und Verfahrensrechts (IPRax) 1995, 52-53; Schlechtriem, Internationales UN-Kaufrecht (1996) 20 n.44; Will, UN-Kaufrecht und internationale Schiedsgerichtsbarkeit (1999) nn.18, 30

Hungarian: Harmathy, Választottbírósági gyakorlat: Bécsi Vételi Konvenció alkalmazása. KFT üzletrész átruházása társasági határozattal in: Friss Hírek a nemzetközi kereskedelem világából (No. 1/1994) 25-27

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Pace Law School Institute of International Commercial Law - Last updated February 15, 2007
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