The 1980 Rome Convention and the Law Applicable to Insurance and Reinsurance Contracts

2014 ◽  
Keyword(s):  
Rome Convention ◽  
The Law

Part I Legal and Practical Challenges to Traditional Trade Finance, 7 Letters of Credit and Stop Payment Orders Made in the Issuer’s Country

2021 ◽  
Author(s):  
Enonchong Nelson
Keyword(s):  
Common Law ◽  
Critical Examination ◽  
Letter Of Credit ◽  
Rome Convention ◽  
The Us ◽  
The Law ◽  
Letters Of Credit ◽  
Contractual Obligations ◽  
Rome I ◽  
Made In

This chapter offers a critical examination of the significant, but largely unexplored, question whether, and to what extent, a foreign order restraining the issuing bank from making payment under a letter of credit can afford the issuing bank a good defence to a claim in a court outside that bank’s home jurisdiction. At common law, in England as well as in other jurisdictions, such as Hong Kong, Singapore and the US, such orders have only limited effect in the forum. This chapter argues that the approach of the English courts to article 4 of the Rome Convention of 19 June 1980 on the law applicable to contractual obligations meant that such orders could defeat a claim against the issuing bank in England only in very narrow circumstances. It goes on to examine the extent to which the changes introduced in article 4 of the Rome I Regulation of 17 June 2008 on the law applicable to contractual obligations have altered the position under English law, so that stop payment orders made in the issuer’s home jurisdiction may now have a much wider reach in England. The chapter contends that notwithstanding the amendments to article 4, in the specific context of letters of credit, the approach of the English courts under the Rome I Regulation is likely to be broadly similar to that under the Rome Convention. The Rome I Regulation has not (even unintentionally) opened the door to stop payment orders made in the issuer’s home jurisdiction.

scholarly journals The Revision of the Rome Convention of 1980 on the Law Applicable to Contractual Obligations–A Crucial Role within the European Contract Law Project?

2003 ◽  
Vol 72 (3) ◽  
pp. 341-367
Author(s):  
Ana López-Rodríguez
Keyword(s):  
European Commission ◽  
Crucial Role ◽  
Action Plan ◽  
Contract Law ◽  
Green Paper ◽  
European Contract ◽  
Rome Convention ◽  
The Law ◽  
Contractual Obligations ◽  
European Contract Law

AbstractThis article deals with some of the issues addressed in the Action Plan on a more coherent European contract law, COM (2003) 68 final, in connection with the Green Paper of the European Commission of 14 January 2003, COM (2003) 654 final, on the conversion of the Rome Convention of 1980 on the law applicable to contractual obligations into a Community instrument and its modernization. It argues ways in which both initiatives may complement each other towards a smoother functioning of the internal market.

Performance of Obligations as the Basis of Jurisdiction and Choice of Law (Lugano and Brussels Conventions Article 5(1) and Rome Convention Article 4)

1999 ◽  
Vol 68 (4) ◽  
pp. 379-396 ◽  
Author(s):  
Keyword(s):  
European Union ◽  
Point Of View ◽  
Brussels Convention ◽  
The European Union ◽  
Choice Of Law ◽  
Rome Convention ◽  
The Law ◽  
Contractual Obligations ◽  
Article 5 ◽  
The Relationship

AbstractWhen a dispute arises in connection with an international contract, it is necessary to clarify two matters: (i) the courts of which country are competent to decide on the dispute, and (ii) the law of which country applies to the merits of the dispute. Within the European Union, these matters are clarified, respectively, by the Brussels Convention on (i.a.) jurisdiction and by the Rome Convention on the law applicable to contractual obligations. The scope of application of the Brussels Convention is extended also to cover the EFTA Countries, through the Lugano Convention. The scope of the Rome Convention, on the contrary, does not reach beyond the European Union. This imbalance in the relationship between choice of forum and choice of law is particularly noticeable in Norway, which does not have a codified system of choice of law rules. The relationship between choice of forum rules and choice of law rules is highlighted in this article from the point of view of a specific connecting factor: the performance of the disputed obligation.

scholarly journals Two European Conflicts Conventions

1998 ◽  
Vol 28 (3) ◽  
pp. 527
Author(s):  
Friedrich K Juenger
Keyword(s):  
European Union ◽  
Brussels Convention ◽  
The European Union ◽  
Conflict Of Laws ◽  
Rome Convention ◽  
The World ◽  
The Creation ◽  
The Law ◽  
Contractual Obligations

The states of the European Union have so far concluded two major conflict of laws conventions:  The Brussels Convention on Jurisdiction and the Enforcement of Judgments in Civil and Commercial Matters, and the Rome Convention on the Law Applicable to Contractual Obligations.  Professor Juenger here reflects on the creation and experience of these treaties and concludes that the Brussels/Lugano Conventions present a model for the world while the Rome Convention shows what to avoid.

Part 2 National and Regional Reports, Part 2.4 Europe: Coordinated by Thomas Kadner Graziano, 50 Ukraine: Ukrainian Perspectives on the Hague Principles

2021 ◽  
Author(s):  
Vorobey Dmytro
Keyword(s):  
International Law ◽  
Contract Law ◽  
Legal Order ◽  
Private International Law ◽  
Choice Of Law ◽  
Rome Convention ◽  
Recognition And Enforcement ◽  
The Hague ◽  
The Law ◽  
Contractual Obligations

This chapter studies Ukrainian perspectives on the Hague Principles. Ukrainian private international law act, or formally the ‘Law of Ukraine “On Private International Law” ’ (PIL), was adopted on June 23, 2005. As per the Preamble to the PIL, it applies to ‘private [legal] relationships which are connected to one or more legal orders other than the Ukrainian legal order’. According to Article 2 of the PIL, it applies to matters of choice of law, procedural standing of foreign citizens, stateless persons and foreign legal entities, jurisdiction of Ukrainian courts in cases involving foreign parties, execution of letters rogatory, and recognition and enforcement of foreign court judgements in Ukraine. The Ukrainian private international law and specifically the PIL were influenced by the 1980 Rome Convention on the Law Applicable to Contractual Obligations. Although, considering the relative novelty of the Hague Principles, the authority of the courts to refer to the Hague Principles has not been addressed by the higher Ukrainian courts, the courts have frequently referred to the international codifications of contract law such as the UNIDROIT Principles of International Commercial Contracts.

The Tension Between Party Autonomy and European Union Law: Some Observations on Ingmar GB Ltd V Eaton Leonard Technologies Inc

2002 ◽  
Vol 51 (1) ◽  
pp. 135-154 ◽  
Author(s):  
H L E Verhagen
Keyword(s):  
European Union ◽  
Basic Principle ◽  
European Union Law ◽  
Party Autonomy ◽  
Contractual Relationship ◽  
Rome Convention ◽  
Mandatory Rules ◽  
The Law ◽  
Contractual Obligations ◽  
International Transactions

Party autonomy is the basic principle for international contracts. By making a ‘choice of law’, the parties to a contract can agree amongst themselves which law is to regulate their contractual relationship. In international transactions, the law of the parties' choice replaces the law that would otherwise have governed the contract, including the mandatory rules (ius cogens) of the latter law. Article 3 of the 1980 Convention on the Law Applicable to Contractual Obligations (hereafter: the ‘Rome Convention’) fully recognises this principle of party autonomy. Under Article 3 the parties are free to choose whichever law they deem appropriate to govern their contractual relationship. It is not even necessary for the transaction to display some connection with the chosen law.

CHOICE OF LAW IN CONTRACT: THE MISSING PIECES OF THE ARTICLE 4 JIGSAW?

2004 ◽  
Vol 53 (3) ◽  
pp. 549-577 ◽  
Author(s):  
Simon Atrill
Keyword(s):  
Practical Importance ◽  
Choice Of Law ◽  
Rome Convention ◽  
The Law ◽  
Court Of Appeal

Article 4 of the Rome Convention determines the law governing a contract in the absence of choice by the parties. Despite its practical importance, and several decisions of the Court of Appeal, the correct construction of Article 4 remains unclear. This article considers the existing approaches and the Commission's proposal for reform, ventures to suggest an alternative, and analyses the recent cases in this light.

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