German Sales

German Sales

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Germany is a signatory to the CISG . To the extent the CISG does not apply, § 433 of the German Civil Code provides the key definition of a sales contract as follows:
§ 434 to 479 of the German Civil Code then provide for rules on, inter alia
For B2B sales transactions, these provisions are complemented by §§ 373 to 381 of the German Commercial Code , containing rules applicable specifically to sales transactions between businesses.
The application of the sales provisions of the German Civil Code are not limited to tangible goods. Shares in companies, intellectual property rights, or government licenses may also form the object of a sales transaction.
Represented a German shipyard in litigation against a German timber merchant on conformity issues
Represented a collector of ancient African art in a dispute against a gallery owner, revolving around title to some 300 African art objects, before the German state courts
Represented a German supplier of metal facades in a dispute arising out of a CISG contract, with German domestic sales law as the supplementary applicable law, against the Turkish buyer before the German state courts, including in interim relief

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Sales fall nearly 10% from previous year, most since 1980
Slump driven by non-essential items such as clothes, furniture

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German retail sales plummeted in June as consumers cut spending on non-essential goods to cope with record inflation.

Miranda Murray

Reuters

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German retail sales rose unexpectedly in July, as online retail and the food sector showed recovery, data showed on Thursday.
BERLIN, Sept 1 (Reuters) - German retail sales rose unexpectedly in July, as online retail and the food sector showed recovery, data showed on Thursday.

Retail sales increased 1.9% in real terms compared to the previous month, the Federal Statistical Office reported.

Analysts had predicted retails sales would stagnate month-on-month in a Reuters poll.

(Reporting by Miranda Murray, editing by Kirsti Knolle)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.
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