International Commercial Law
International Commercial Law is the body of law that governs international sale transactions. A transaction will qualify to be international if elements of more than one country are involved.
Since World War II international trade has grown extensively, seeing the increasing importance of international commercial law. It plays a vital role in world development, particularly through the integration of world markets.
Lex mercatoria refers to that part of international commercial law which is unwritten, including customary commercial law; customary rules of evidence and procedure; and general principles of commercial law.
Read more about International Commercial Law: International Commercial Contracts, Convention On The International Sale of Goods, Incoterms 2010, Contract of Carriage of Goods, Title To Sue, Who To Sue, Insurance in International Trade, Payment in International Trade, World Trade Organization (WTO), Regional Trade Blocs, International Contracts Relating To Intellectual Property (IP), International Commercial Litigation and Conflict of Laws, Conflict of Laws Rules in Relation To Private Commercial Disputes, International Trade Fraud, Harmonisation of International Commercial Law
Famous quotes containing the words commercial and/or law:
“A commercial society whose members are essentially ascetic and indifferent in social ritual has to be provided with blueprints and specifications for evoking the right tone for every occasion.”
—Marshall McLuhan (1911–1980)
“For through the law I died to the law, so that I might live to God. I have been crucified with Christ; and it is no longer I who live, but it is Christ who lives in me. And the life I now live in the flesh I live by faith in the Son of God, who loved me and gave himself for me.”
—Bible: New Testament, Galatians 2:19-20.