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Choice of law in commercial contracts and regulatory competition: new steps to be made by the EU?
The recently published study titled ‘European Commercial Contract Law’, authored by Andrea Bertolini, addresses the theme of regulatory competition. It offers new policy recommendations to improve EU legal systems’ chances of being chosen as the law governing commercial contracts.
The Study’s main question
The European Parliament’s Committee on Legal Affairs has published a new study authored by Andrea Bertolini, titled ‘European Commercial Contract Law’ (the ‘Study’). The Study formulates the main question as follows: ‘why the law chosen in commercial contracts is largely non-European and non-member state law’. The expression ‘non-European and non-member state’ law is specified as denoting the legal systems of England and Wales, the United States, and Singapore, and more generally, common law legal systems. The Study states:
It is easily observed how most often international contracts are governed by non-European law. The reasons why this occurs are up to debate and could be quite varied both in nature and relevance. Indeed, a recent study by Singapore Academy of Law (SAL) found that 43 per cent of commercial practitioners and in-house counsel preferred English law as the governing law of the contracts. Read more
Financial Hardship and Forum Selection Clauses
The U.S. Supreme Court has long held that a forum selection clause should not be enforced when “trial in the contractual forum will be so gravely difficult and inconvenient” that the plaintiff “will for all practical purposes be deprived of his day in court.” The financial status of the plaintiff is obviously a factor that should be considered as part of this inquiry. Large corporations can usually afford to litigate cases in distant courts. Individual plaintiffs frequently lack the resources to do so. Nevertheless, the lower federal courts in the United States have repeatedly held that financial hardship on the part of the plaintiff is not enough to make an otherwise valid forum selection clause unenforceable. Read more
Revised Canadian Statute on Judgment Enforcement
Two years ago, the Uniform Law Conference of Canada (ULCC) released a revised version of the Court Jurisdiction and Proceedings Transfer Act (CJPTA), model legislation putting the taking of jurisdiction and staying of proceedings on a statutory footing. The statute is available here.
The ULCC has now released a revised version of another model statute, the Enforcement of Canadian Judgments Act (ECJA). The original version of this statute was prepared in 1998 and had been amended four times. It has now been consolidated and substantially revised. It is available here and background information is available here and here.
News
AMEDIP: Annual seminar’s final program is now available and upcoming webinar
As announced, the Mexican Academy of Private International and Comparative Law (AMEDIP) will be holding its annual XLVII Seminar entitled “The teaching, research and promotion of private international law in Mexico” (La enseñanza, investigación y difusión del Derecho Internacional Privado en México) from 23 to 25 October 2024. The final program is now available here. The deadline for early bird registration is 23 September 2024, click here.
In addition, AMEDIP is organising a webinar on Thursday 26 September 2024 at 15:00 (Mexico City time). The topic of the webinar is international civil judicial cooperation & new technologies and will be presented by Prof. Pablo Enrique de Rosas (in Spanish).
UNU-MERIT: Seminar on the Children’s Right to be Heard on 25 September 2024 (in English and Spanish with simultaneous interpretation)
The United Nations University – Maastricht Economic and Social Research Institute on Innovation and Technology (UNU-MERIT) is organising a seminar online on the children’s right to be heard (incl. in cases of international child abduction) on 25 September 2024 from 14:00 to 16:00 CEST.
‘IPRspr’ goes digital: launch and presentation of the new online database on 1 October 2024 (in German)
Since its foundation in 1926, the Max Planck Institute in Hamburg (or its predecessor) has continuously published the collection of PIL decisions by German courts. ‘Die deutsche Rechtsprechung auf dem Gebiete des Internationalen Privatrechts’, or short ‘IPRspr’, offers the complete and systematic documentation of German case law on private international law, including procedural law and foreign law. The decisions are boiled down to their private international law aspects and categorized according to subject matter. Depending on the case, the headnotes are reformulated or completely rewritten.