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Commentary on the UNIDROIT Principles of International Commercial Contracts (2004)

Commentary on the UNIDROIT Principles of International Commercial Contracts (2004)

4152022
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Описание
The UNIDROIT Principles of International Commercial Contracts are the result of the ambitious quest for codifying the lex mercatoria, i.e. those unwritten rules of the game by which merchants presumably have always understood to do international business. Since the publication of their first version in 1994, the UNIDROIT Principles have had an impressive success. They have become a serious alternative to national contract laws in international disputes decided by arbitral tribunals, such as those administered by the International Chamber of Commerce (ICC). At the same time, they have been accepted as a model for reforming the laws on international contract (as recently Russia, Lithuania, and China). With the publication of a new version of the Principles in 2004, this first phase of codifying international contract law is now considered to be finished. While there is much writing about the theoretic legal nature and the practical applicability of the Principles, there is hardly any research on their substance, meaning their substantive rules on contracts. This book fills this gap. A comprehensive analysis of each provision of the Principles allows a better understanding of the rules governing international contracts. In short, this book contributes to make the application of the Principles more predictable and thus more efficient.