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Free download of : Conflict of Laws and Unification of Law by International Convention

Conflict of Laws and Unification of Law by International Convention of 1924

 

 

Free download of : Conflict of Laws and Unification of Law by International Convention of 1924

Large scale international trade needs, in addition to other favorable conditions, a certain measure of security and predictability with regard to the enforcement of obligations.

The very fact, however, that a commercial transaction is connected with more than one legal system creates an uncertainty as to the existence, size, and content of obligations. Due to the diversity and “contrariety” of the law prevailing in various parts of the world, an interested party may not readily ascertain the place where a potential dispute can be settled, the governing substantive law (since that choice will depend to a large extent on the forum), and whether a judgment obtained in one country can be enforced in another country.

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