Abstract
The right to rescind the contract and to withhold or reduce the price does not fully compensate the creditor for his loss in every case. Therefore, each system of contract law must provide for an additional level of remedy as a backup. In most cases, this additional level of remedies consists in claims for damages and interests. Damages are the general remedy available for all kinds of breaches of contract. If monetary obligations are not performed, interest may be added as an additional remedy that does not exclude the simultaneous awarding of damages.
Damages and interest is regulated in Chapter 16 of the CESL. One could consider Chapter 16 as a sort of distilled experience of national and international law. Nevertheless, this does not prevent its articles from occasionally deviating from them. This chapter will first focus on general aspects of Chapter 16 (II) and then turn to the provisions on damages (III) and interest (IV).
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Notes
- 1.
Directive 1999/44/EC of the European Parliament and of the Council of 25 May 1999 on certain aspects of the sale of consumer goods and associated guarantees, OJ L 171, 7.7.1999, p. 12.
- 2.
Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions, OJ L 48, 23.2.2011, p. 1.
- 3.
Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions, OJ L 48, 23.2.2011, p. 1, art. 1.
- 4.
See Preamble 16 Directive 2011/7/EU.
- 5.
See ECJ, decision of 12 March 2002, Case C-168/00, [2002] E.C.R. I-2631, at 20–24.
- 6.
Council Directive 90/314/EEC of 13 June 1990 on package travel, package holidays and package tours, OJ L 158, 23.6.1990, p. 59.
- 7.
See ECJ, decision of 12 March 2002, Case C-168/00, [2002] E.C.R. I-2631, margin no. 22.
- 8.
See e.g. ECJ, Case C-118/08, [2010] E.C.R. p. I-635, Transportes Urbanos y Servicios Generales SAL, margin no. 33 et seq.
- 9.
See ECJ, Case C-52/00, [2002] E.C.R. p. I-3827, Commission v France, at 19.
- 10.
ECJ, Case C-52/00, [2002] E.C.R. p. I-3827, Commission v France, at 17.
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Lehmann, M. (2015). Damages and Interest. In: Plaza Penadés, J., Martínez Velencoso, L. (eds) European Perspectives on the Common European Sales Law. Studies in European Economic Law and Regulation, vol 4. Springer, Cham. https://doi.org/10.1007/978-3-319-10497-3_13
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