Views
An Answer to the Billion-Dollar Choice-of-Law Question
On February 20, 2024, the New York Court of Appeals handed down its opinion in Petróleos de Venezuela S.A. v. MUFG Union Bank, N.A. The issue presented—which I described in a previous post as the billion-dollar choice-of-law question—was whether a court sitting in New York should apply the law of New York or the law of Venezuela to determine the validity of certain bonds issued by a state-owned oil company in Venezuela. The bondholders, represented by MUFG Union Bank, argued for New York law. The oil company, Petróleos de Venezuela, S.A. (“PDVSA”), argued for Venezuelan law.
In a victory for PDVSA, the New York Court of Appeals unanimously held that the validity of the bonds was governed by the law of Venezuela. It then sent the case back to the federal courts to determine whether the bonds are, in fact, invalid under Venezuelan law.
Read more
New EU Digitalisation Regulation: A Stepping Stone to Digitalised EU?
Author: Martina Ticic, assistant at the University of Rijeka, Faculty of Law and doctoral student funded by the Croatian Science Foundation (Hrvatska zaklada za znanost – HRZZ)
On 13 December 2023, two years after the first legislative proposal has been published, the new Regulation (EU) 2023/2844 of the European
Parliament and of the Council of 13 December 2023 on the digitalisation of judicial cooperation and access to justice in cross-border civil, commercial and criminal matters, and amending certain acts in the field of judicial cooperation (Digitalisation Regulation) has been adopted. While the process of digitalisation of judicial cooperation and cross-border procedures in the EU has been ongoing for some time already, the new Digitalisation Regulation represents a major step for advancing digitalisation practices in the EU.
Bahraini High Court on Choice of Court and Choice of Law Agreements
I. Introduction
It is widely recognized that choice of court and choice of law agreements are powerful tools for structuring and planning international dispute resolution. These agreements play an important role in “increasing legal certainty for the parties in cross-border transactions and reducing incentives for (the harmful version of) forum shopping.” (Alex Mills, Party Autonomy in Private International Law (CUP, 2018) p. 75). However, the realization of these objectives depends on the enforcement of the parties’ choice. Unfortunately, general practice in the MENA (North Africa and the Middle East) region shows that, with a few exceptions, the status quo is far from satisfactory. Choice-of-court agreements conferring jurisdiction on foreign courts are often disregarded or declared null and void. Similarly, the foreign law chosen as the governing law of a contract is often not applied because of the procedural status of foreign law as a matter of fact, the content of which must be ascertained by the party invoking its application. The recent judgment of the High Court of Bahrain (a first instance court in the Bahraini judicial system) in the Case No. 2/13276/2023/02 of 17 January 2024 is nothing but another example of this entrenched practice that can be observed in the vast majority of countries in the region.
News
Out Now: Dickinson, Natural Justice in Recognition and Enforcement of Foreign Judgments, Recueil des cours, Tome 446
Last summer, Andrew Dickinson (Professor of the Conflict of Laws, University of Oxford, and former editor of ConflictofLaws.net) delivered a special course at the summer course of the Hague Academy of International Law entitled ‘Natural Justice in Recognition and Enforcement of Foreign Judgments’. It has now been published as Volume 446 of the Recueil des cours / Collected Courses.
The blurb reads as follows:
This special course assesses the utility of ideas of ‘natural law’ and ‘natural justice’ as tools to explain, rationalise and develop the rules governing the recognition and enforcement of foreign judgments currently applied by the world’s legal orders.
After introducing the topic, the first part of the course consider how influential 17th and 18th century accounts of the law of nature sought to account for the relations existing between all human beings, as well as the creation of political societies with law-making powers, the global ordering of those societies and the role of adjudication as a means of resolving disputes within and among them. This provides the historical and intellectual background for what follows.
The principal part of the course considers how writers on the conflict of laws in this period drew upon and utilised these ideas, as the rules that we apply today to regulate foreign judgments began to take shape. This leads to a study of the further evolution of the legal landscape in the 19th century, highlighting the use of natural law reasoning by judges and commentators to explain and justify the effectiveness of individual exercises of adjudicatory authority beyond their original domains, as well as the later rejection of natural law thinking in favour of models centred on ideas of sovereignty and territoriality, which continue to dominate today.
Having completed this historical survey, the course examines the specific legacy of natural law reasoning in the common law world, involving the use of principles of ‘natural justice’ to deny recognition of unjust foreign judgments, as well as the counterparts of these principles in other legal systems and international treaties.
Drawing on the preceding material, the concluding chapter considers the case for renaturalising the law in this area, and the implications of following this path.
More information on the book can be found here.
It is available to subscribers to the Recueil des cours here.
AMEDIP: Annual seminar to take place from 22 to 24 October 2025 (in Spanish)
The Mexican Academy of Private International and Comparative Law (AMEDIP) will be holding its XLVIII Seminar entitled “Reflections regarding the Inter-American system in the 50th Anniversary of the CIDIP-I and the latest developments of Private International Law in Mexico” (Reflexiones en torno al sistema interamericano en el 50 Aniversario de la CIDIP-I y la actualidad del Derecho Internacional Privado en México) from 22 to 24 October 2025. The venue of the seminar will be the Universidad Autónoma de Querétaro (Querétaro, Mexico). Read more
University of East Anglia Law Podcast Series on (Private and Public) International Law: Series 3 out now
All episodes of Series 3 of the University of East Anglia Law School Podcast are now out. Hosted by Rishi Gulati, they cover the following topics:
- The Future of International Investment Law (Muthucumarasamy Sornarajah)
- Double Standards in International Law (Patryk Labuda)
- The launch of the Elgar Companion to UNIDROIT (Edward Elgar, 2024)
- The Rise of International Commercial Courts (Giesela Rühl)
- The exercise of self-defence in outer space (Chris O’Meara)
- Greenland, Self-Determination, and the Geopolitical Contest (Maria Ackrén).
All episodes are available at SoundCloud, Apple Podcasts, and Spotify