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Questions and Answers
The conflict-of-law rule of Article 21 of ESR aims to achieve what specific goal?
The conflict-of-law rule of Article 21 of ESR aims to achieve what specific goal?
The harmonization of international trade law by providing a uniform framework for resolving conflicts of law.
What are the main principles underlying the general conflict-of-law rule of Article 21 of ESR?
What are the main principles underlying the general conflict-of-law rule of Article 21 of ESR?
The principles of party autonomy, closest connection, and international public policy.
How does the general conflict-of-law rule of Article 21 of ESR impact international business transactions?
How does the general conflict-of-law rule of Article 21 of ESR impact international business transactions?
It provides clarity and predictability in determining the applicable law to international contracts, reducing legal uncertainty and facilitating cross-border trade.
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