ATENEO LAW SCHOOL INTERNATIONAL COMMERCIAL TRANSACTIONS Atty. Roy J. Rafols I. International Commercial Transactons: A. Definitions: 1. 2. B.

International Commercial Transactions vs. Sales

Issues: 1. 2. 3. Applicable Law Financing the transaction Dispute Resolution (i) Forum/Venue (ii) Jurisdiction (iii) Language (iv) Currency (v) Provisional Remedies Enforcement

4. II.

Applicable Law in International Commercial/Business Transactions A. Art. 1306, New Civil Code; Art. 2, Code of Commerce 1. 2. 3. 4. B. Manila Resource Devt Corp. v. NLRC, 213 SCRA 296 (1992) Cadalin v. POEA, 238 SCRA 721 (1994) Bank of the Phil. Islands v. De Reny Fabric Industries, 35 SCRA 256 (1970) Chuidian v. Phil. Natl Bank, 976 F.2d 561 (9th Cir. 1992)

UN Convention on the International Sale of Goods (Vienna Sales Convention) 1. Adolfo S. Azcuna, The Vienna Sales Convention, Ateneo L. J.

C.

International Trade Terms/INCOTERMS 2010 (took effect Jan. 1, 2011) 1. 2. 3. Behn, Meyer & Co. v. Yangco, 38 Phil. 602 (1918) Soriano y Cia v. CIR, 97 Phil. 505 (1955) Genl Foods Corp. v. Natl Coconut Corp., 100 Phil. 337 (1956)

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4. 5. 6. 7. 8. 9. D. III.

Natl Marketing Corp. v. Atlas Trading Devt Corp., 21 SCRA 359 (1967) Feati Bank & Trust Co. v. CA, 108 SCRA 72 (1981) Magellan Mftg. Marketing Corp. v. CA, 201 SCRA 102 (1991) Eastern Shipping Lines, Inc. v. CA, 234 SCRA 78 (1994) Telengtan Brothers & Sons, Inc. v. CA, 236 SCRA 617 (1194) Warner Bros. & Co. v. Israel , 101 F.2d 59 (2nd Cir. 1939)

International Private Trade (Lowenfeld), pp. 7-89

Financing the Sales Transaction: A. Uniform Customs and Practice for Documentary Credits, ICC Pub. No. 600 (In force as of July, 2007) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Severiano S. Tabios, Letters of Credit in Banking Transactions, 228 SCRA 378 (1993) Natl Mktg. Corp. v. Atlas Trading Devt Corp., 21 SCRA 359 (1967) Bank of the Phil. Islands v. De Reny Fabric Industries, 35 SCRA 256 (1970) Phil Va. Tobacco Admin. v. De Los Angeles, 164 SCRA 543 (1988) Insular Bank of Asia & America v. IAC, 167 SCRA 450 (1988) Natl Union Fire Insurance Co. v. Court of Appeals, 184 SCRA 682 (1990) Feati Bank & Trust Co. v. CA, 196 SCRA 576 (1991) Magellan Mftg. Mktg. Corp. v. CA, 201 SCRA 102 (1991) J. Schuback & Sons v. CA, 227 SCRA 717 (1993) Bank of America v. CA, 228 SCRA 357 (1993) Reliance Commodities, Inc. v. Daewoo Indl Co., Ltd.,

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228 SCRA 545 (1993) 12. 13. 14. B. IV. Nacu v. CA, 231 SCRA 237 (1994) MWSS v. Daway, 432 SCRA 559 (2004) Transfield Phils. v. Luzon Hydro, 443 SCRA 307 (2004)

International Private Trade, pp. 125-183

Dispute Resolution/Enforcement: A. New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1. 2. 3. B. C. D. E. F. G. Natl Union Fire Insurance Co. v. Stolt-Nielsen Phils., Inc., 184 SCRA 682 (1990) Puromines, Inc. v. CA, 220 SCRA 281 (1993) Jorge R. Coquia, Arbitration as a Means of Reducing Court Congestion, 78 SCRA 121 (1977)

Rules of Conciliation and Arbitration of the International Chamber of Commerce UNCITRAL Rules on Conciliation and Arbitration International Convention for the Settlement of Investment Disputes (ICSID) Rules of Conciliation and Arbitration of the Philippine Chamber of Commerce and Industry Alternative Dispute Resolution Act: RA No. 9285 (2003) International Private Trade, pp. 91-124

V.

Sovereign Immunity 1. 2. 3. 4. United States of America v. Ruiz , 136 SCRA 487 (1985) Holy See v. Rosario, Jr. , 238 SCRA 524 (1994) Republic of Indonesia v. Vinzon , 405 SCRA 126 (2003) GTZ v. CA, G.R. No. 152318, April 16, 2009

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5.

Sovereign Immunity: Comparative Perspective , 29 Ateneo L. J. 49 (1985) oOo