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English law in UK. English Law was historically based on traditions and social customs. (Longshaw & Hughes 2002, 3-17) Nowadays, Custom Law is a division of Common Law, particularly being in cases where there was no judicial precedent but w...
Introduction The law in every aspects of trade makes the trade legally secure and it ensures the careful consideration of trading by all the parties involved. The international law has no specifically definite area or regulating body. It in...
International Law and Law of WTO Introduction One aspect of the World Trade Organization (WTO) that has, maybe, gone unobserved is the commitment it has made to the realm of international law. The nature of international law has always depe...
perspective, a contract is viewed as a device for resource allocation. Compared to some collective ways of allocating resources, such as government action or taxation, contracts have their own merits. At least in theory, contracts can achi...
Duty Of Good Faith English law permits a party to a commercial contract to recover a predetermined (liquidated) amount as damages for the other party’s failure to, or delay in, performing its obligations. There are, however, two important s...
Rotterdam Rules, but they may naturally incur liabilities under some other legal framework. If a performing party is liable under some such other legal framework, the carrier is not vicariously liable by virtue of the Rotterdam Rules; the l...
CHAPTER 1: INTRODUCTION English law of contract The English law of contract follows the general principles arising from case law. However, in some areas, the law entered, either to codify existing case law, or to transpose the European or ...