International Payments
If you have shopped online on international portals or have received payments from abroad, you would have wondered about how the payments flow across the world and which banks and […]
Meaning and Scope of Transnational Commercial Law
International commercial contracts are sale transaction agreements made between parties from different countries. The methods of entering the foreign market, with choice made balancing costs, control and risk, include: Export […]
Sources of Transnational Commercial Laws
The Mercantile Law in India developed with the enactment of the Indian Contract Act, 1872. Before this, all the commercials transactions were governed by the personal laws of the party […]
The Role of International Chamber of Commerce in the development of Transnational Commercial Laws
Based in Paris, France, the International Chamber of Commerce (ICC) is an organization comprised of more than six million members from countries around the world, tasked primarily with representing and […]
Transnational Commercial Laws
There are many attempts to define the subject. As an initial matter, the concept is to be kept distinct from notions such as ‘international business law’ or ‘international economic law’. […]
UNCITRAL Model law on International Commercial arbitration
The UNCITRAL Model Law on International Commercial Arbitration was prepared by UNCITRAL, and adopted by the United Nations Commission on International Trade Law on 21 June 1985. In 2006 the […]
UNCITRAL
The United Nations Commission on International Trade Law (UNCITRAL) (French: Commission des Nations Unies pour le droit commercial international (CNUDCI)) is a subsidiary body of the U.N. General Assembly (UNGA) […]
UNIDROIT
UNIDROIT (formally, the International Institute for the Unification of Private Law; French: Institut international pour l’unification du droit privé) is an intergovernmental organization whose objective is to harmonize international private […]
Uniform Customs and Practices on Documentary credits
The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and […]
