A new free law essay on international commercial law is now available.
Transnational commercial law is the product of many international conventions, model laws, contractually incorporated uniform rules, international restatements, and conscious or unconscious legislative or judicial parallelism; all of which, in the words of the leading academic in this field Roy Goode, “lead to the harmonisation of commercial law at the international level”. This harmonisation has been necessitated by the unprecedented scales of complex commercial transactions that now take place daily in our globalised society. Many contractual disputes of this nature are now settled by arbitration, which in itself creates a different kind of law...
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