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This greatly revised edition of an influential 1999 book
consolidates its authoritative advocacy of the New Lex Mercatoria
(NLM). Since the publication of the first edition, self-regulation
and private governance in international business have gained
world-wide recognition. Three dynamic commercial law initiatives in
particular demonstrate that, in spite of the long-lasting dispute
about the nature and dogmatic underpinnings of NLM, legal theory
and international practice have accepted that transnational
business law is open to the 'codification' of its contents. The
UNIDROIT Principles of International Commercial Contracts, the
Principles of European Contract Law, and (most recently and
dramatically) the TransLex Principles at www.trans-lex.org all draw
their legal conclusions from observing the real-life phenomena
surrounding regional and global integration of markets and foreign
direct investment. This new edition presents an advanced
elaboration of the author's 'Creeping Codification' thesis based on
the TransLex Principles, an Internet-based method using an ongoing,
spontaneous, and dynamic codification process which is never
completed. The TransLex Principles contain black-letter texts of
128 principles and rules of the NLM with comprehensive, constantly
updated comparative law references from domestic statutes, court
decisions, doctrine, arbitral awards, and uniform laws. An annex to
this book contains a synopsis of the wealth of materials available
on the TransLex web site as well as a rare personal account of one
of the fathersA"of the NLM, Philippe Kahn. International legal
practitioners and academics alike have long complained about the
inadequate legal framework for international trade and commerce.
This book, with its far-reaching theoretical and methodological
analysis of the doctrine of an autonomous transnational economic
law, clearly opens the way to an independent and workable third
legal system alongside domestic law and public international law.
It offers international practitioners (contract negotiators,
arbitrators, attorneys and other representatives of the parties in
international arbitration proceedings) with a powerful and reliable
instrument to apply transnational commercial law in daily legal
practice.
It has been clear for some time that commercial law has been
undergoing a "transnationalization" process, with various sets of
rules (often referred to collectively as Lex mercatoria or the New
Law Merchant) supplanting national and local laws governing the
mechanisms by which cross-border agreements are entered into and
disputes settled. In order to clarify the nature and extent of this
process, a scientific survey, sponsored by the Volkswagen
Foundation and using empirical methodology, was designed by a
Research Team from the Centre for Transnational Law (CENTRAL) of
Munster University, Germany. A questionnaire was sent out to more
than 2,700 practitioners from major companies and international law
firms in 78 countries asking for the addressees' experience with
transnational law in international contract negotiations, contract
drafting, and international commercial arbitration. The results of
this enquiry, along with analysis and commentary from several
well-known authorities in the fields of international commercial
arbitration and private international law, were presented at a
conference in Munster on May 4 and 5, 2000. This book is a record
of that conference. "The Practice of Transnational Law" provides a
comprehensive and realistic evaluation of how transnational
commercial law is used in international legal practice today. The
contributions of the speakers - including Yves Derains on the CC
Arbitration Rules and Michael Joachim Bonell on the UNIDROIT
Principles, as well as commentary by Emmanuel Gaillard, Friedrich
K. Juenger, Norbert Horn, and Klaus Peter Berger - add an
insightful and lively dimension to the empirical data presented in
the annexes. Commercial law practitioners and business people all
over the world should appreciate the new level of discussion
initiated by this book.
Das Buch liefert eine handbuchartige, rechtsvergleichende
Darstellung der in einem internationalen
Wirtschaftsschiedsverfahren auftretenden Rechtsprobleme, mit denen
sich der Praktiker im Hinblick auf die standige Zunahme derartiger
Verfahren immer wieder konfrontiert sieht. Der Autor legt dabei
besonderes Gewicht auf die Verknupfung verfahrens- und
materiellrechtlicher Aspekte.Der Verfasser untersucht neben den in
der Schweiz und in den Niederlanden erlassenen Schiedsgesetzen auch
das UNCITRAL-Modellgesetz fur die internationale
Handelsschiedsgerichtsbarkeit. Neben diesen Gesetzen werden die
UNCITRAL-Schiedsordnung sowie die Schiedsordnungen der Zurcher
Handelskammer und des Niederlandischen Schiedsgerichtsinstituts
analysiert.Im Interesse der Benutzerfreundlichkeit fur den
Praktiker sind die besprochenen Gesetze und Schiedsordnungen sowie
die entsprechenden Musterschiedsklauseln und die New Yorker
Konvention uber die Anerkennung und Vollstreckung auslandischer
Schiedsspruche im Anhang abgedruckt."
The contents of number 26 of the Forum International Series are
related to procedural law. The first lecture has been written by
Klaus Peter Berger. It deals with the new German Arbitration Act.
He provides a brief account of the drafting history of the new law,
highlights six important areas of international arbitration law and
practice, and explains the solutions chosen by the German
legislator. He treats, among other topics, arbitrability, arbitral
interim relief and conflict of laws. An English translation of the
German Arbitration Act can be found at the end of the text. The
second lecture is written by Catherine Kessedjian and has as its
topic the future Hague Convention on International Jurisdiction and
Recognition and Enforcement. As deputy Secretary-General of the
Hague Conference on Private International Law, Mrs. Kessedjian is
heavily involved in the activities concerning this convention. The
lecture discusses the need for such a convention and the structure
such a convention could adapt (single, double or mixed).
Furthermore, some grounds for jurisdiction, such as those for
disputes relating to contracts and torts, the forum non conveniens
and provisional measures, are discussed in more depth, as are the
basic requirements for enforcement. At the end the question is
raised as to which mechanism can be devised to create a forum in
which questions of interpretation can be solved in an easy and
quick manner and against low costs, and how uniform interpretation
can be guaranteed.
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