ABSTRACT: In this paper, the authors analyze the possibility of reducing potential legal risks and transaction costs with respect to Brazil's adhesion to the CISG, in particular in relation to Brazilian, Chinese and Latin-American parties. The lack of predictability of the applicable laws and the substantial differences between the domestic laws of Brazil and its main trade partners create high legal risks and transaction costs for traders. This paper suggests that the CISG will provide legal certainty and appropriate rules to govern international contracts, thereby reducing risk and cost, and contributing to the celebration of contracts between Brazil and its main trade partners. Parties that are not currently engaged in a commercial relationship with Brazilian parties may regard Brazil's adhesion to the CISG as an opportunity to trade under a worldwide known and tailor-made set of neutral provisions.
Revista Brasileira de Arbitragem