Execution of Penalty Clause in the Middle East
https://doi.org/10.17803/1994-1471.2017.77.4.173-181
Abstract
Business with partners from countries belonging to different legal families is often connected with legal uncertainty. The present study, without claims for fundamentalism, attempts to shed light on the peculiarities of legal characteristics of penalty institute in the countries of the Islamic legal family. The article is not only aimed at scientists, but also possesses a strong practical meaning, and, therefore, will be useful for both "theoreticians" and those participating in business, working in the markets of the countries of the Middle East. The study questions the specifics of the application of the provisions of the Islamic Sharia. In particular those relating to the prohibition of interest (Riba). The question about the feasibility of the application of the doctrine of Riba to the penalty is studied. The author provides opinions and practice of state courts in the region, and international arbitral institutions. The author suggests a generic characteristic of penalty in the countries of the Middle East. He defines probable causes of formation of the Institute under study in its current form. In order for the penalty clause to be executed in the Middle East, the author provides particular recommendations for those participating in business activities.
About the Author
N. V. Litarenko
Kutafin Moscow State Law University (MSAL); OOO "Navigator"
Russian Federation
Russian Federation
References
1. Беккин Р.И. Методы кредитования в работе исламских банков // Банковское кредитование. - 2008. - № 1.
2. Беккин Р.И. Механизмы финансирования, используемые в исламском банковском деле // Банков ское право. - 2007. - № 4.
3. Малиновский А.А. Нравственность в гражданском праве // Нотариус. - 2007. - № 5.
4. Пуростад М. Влияние религии на формы разрешения гражданско-правовых конфликтов в Иране (краткий обзор) // Вестник гражданского процесса. - 2014. - № 4. - С. 17-22.
5. Сюкияйнен Л.Р. Шариат как источник законодательства. Конституционная теория и практика араб ских стран // Парламентаризм: проблемы теории, истории, практики: сборник научных статей к 60-летию заслуженного юриста РФ, доктора юридических наук, профессора Исакова Владимира Борисовича / отв. ред. А.С. Туманова. - М.: Юрлитинформ, 2010. - С. 105-118.
6. Хитти Ф. Краткая история Ближ. Востока. Мост трех континентов. - М.: Центрполиграф, 2012. - 286 с.
7. Цвайгерт К., Кетц Х. Введение в сравнительное правоведение в сфере частного права: в 2 т. - Т. 1. - М.: Международные отношения, 2000. - 483 с.
8. Akaddaf F. Application of the United Nations Convention on Contracts for the International Sale of Goods (CISG) to Arab Islamic Countries: Is the CISG Compatible with Islamic Law Principles? // Pace International Law Review. - 2001. - P. 1-58.
9. Aljazy O. Arbitrability in Islamic law. Lebanese review of arbitration. - 2000. - № 16. - P. 1-6.
10. Angelo L. Rosa. Building Bridges: Understanding Islamic Legal Principles for Idaho's Transactional Attorneys // The Advocate. Official Publication of the Idaho state bar. - November/December 2015. - Vol. 58. - № 11/12. - P. 52-56.
11. Angelo L. Rosa. From Mecca to San Francisco. Harmonizing Shari'a-Compliant Contractual Remedies with California Law. U.C. Davis Bus. // Law Journal. - 2005. - 5.
12. Arnaldez J., Derains Y., Hascher D. Collection of ICC Arbitral Awards, 1996-2000. - Kluwer law international, 2003. - 850 p.
13. Bremer N. Liquidated Damages under the Law of the United Arab Emirates and its Interpretation by UAE Courts // URL: http://www.alexander-partner.com/fileadmin/downloads/alexander-partner_gairitteilungen_2015_nb.pdf (дата обращения: 21.11.2016).
14. Brown N., Lombardi С. Do Constitutions Requiring Adherence to Shari'a Threaten Human Rights? How Egypt's Constitutional Court Reconciles Islamic Law with the Liberal Rule of Law // American University International Law Review. - 2006. - Vol. 21. - P. 379-435.
15. Brown N., Lombardi С. SCC case № 8 of judicial year 17 (May 18, 1996). An Annotated translation // American University International Law Review. - 2006. - Vol. 21. - P. 437-460.
16. Hanif M. Differences and Similarities in Islamic and Conventional Banking // International Journal of Business and Social Science. - February 2011. - Vol. 2. - № 2. - P. 166-175.
17. Majid F., Majid S. Application of Islamic Law in the Middle East // International construction law review. - January 2003. - Vol. 20. - P. 177-196.
18. Mohamad A. M. Ismail. Globalization and Liquidated Damages in the Anglo-American Jurisdictions // Al Qanoniya law Journal. - 2014. - Vol. 1. - P. 24.
19. Mohd Sadique. The effect of article 390 (2) of the UAE civil code on liquidated damages claims in the UAE construction industry. LLM. The British University in Dubai, 2014.
20. Otto M. J. Sharia incorporated. A Comparative Overview of the Legal Systems of Twelve Muslim Countries in Past and Present. Amsterdam University Press, 2010. 676 p.
21. Wakim M. Public Policy Concerns Regarding Enforcement of Foreign International Arbitral Award in the Middle East // New York International Law Review. - Winter 2008. - Vol. 21. - № 1. - P. 1-51.
Review
For citations:
Litarenko N.V. Execution of Penalty Clause in the Middle East. Actual Problems of Russian Law. 2017;(4):173-181. (In Russ.) https://doi.org/10.17803/1994-1471.2017.77.4.173-181
Views:
451
Email this article 