LECTURE 5 - private international law Flashcards
Private International Law (definition)
Private International Law is a set of rules governing private relationships across borders
Sources of P.I.L (4)
- Codified Standards (international treaties & national laws)
- Customs and principles
- Legal doctrine
- Case law
Sources of Objective P.I.L in the EU (3)
- Rome regulation I ( regulation (EC) No. 593/2008 ) on the law applicable to contractual obligations
- Rome II (regulation (EC) No. 864/2007) on the law applicable to non-contractual obligations
- Brussels Regime (regulation (EU) No. 1215/2012) on jurisdiction and the recognition and enforcement of judgements in civil and commercial matters
Formal PIL rules define 3 aspects:
- Choice of law
- Choice of forum (court)
- Enforcability of the decisions of foreign courts
Rome I Regulation
Harmonizes the choice of law within the EU in relation to all contracts
Rome II Regulation
Harmonizes the choice of law in non-contractual relationships
Lexis specialis (definition)
Lexis specialis governs choice of law for specific types of transactions including:
sales of goods, real estate transactions, insurance contracts, labor contracts, damage, franchise
CISG
- definition
- Applies when
- Regulates … goods
- Regulates (3)
Contracts for the International Sale of Goods
International treaty developed by the UN
Applies if the buyer and seller are situated in the CIGS member states
CISG regulates only the commercial goods, sold and bought by businesses
Regulates
the way contracts are made, responsibilities of the buyer and seller
and transer of the risk
INCOTERMS
definition
apply when
regulate…
International Commercial Terms
Apply only if the parties explicitly refer to them in the contract
regulate matters pertaining to the relationships between the seller and the receiver of the good
Three main matters of the INCOTERMS
- Who bears the costs for what part of the transport?
- Who is to ensure paymetn of insurances and taxes during each part of transport?
- Who bears the risk at different stages of the transport?