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:
“If men could menstruate ... clearly, menstruation would become an enviable, boast-worthy, masculine event: Men would brag about how long and how much.... Sanitary supplies would be federally funded and free. Of course, some men would still pay for the prestige of such commercial brands as Paul Newman Tampons, Muhammed Ali’s Rope-a-Dope Pads, John Wayne Maxi Pads, and Joe Namath Jock Shields—”For Those Light Bachelor Days.””
—Gloria Steinem (b. 1934)
“Our law very often reminds one of those outskirts of cities where you cannot for a long time tell how the streets come to wind about in so capricious and serpent-like a manner. At last it strikes you that they grew up, house by house, on the devious tracks of the old green lanes; and if you follow on to the existing fields, you may often find the change half complete.”
—Walter Bagehot (1826–1877)