Today international trade is still a both difficult and complex matter. One does not even have to be a businessperson anymore to realize that. In this age everyone can browse the internet and with just a few clicks have almost everything delivered right to one?s doorstep from all around the world. Due to this simplicity it is often overlooked that ordering goods from the other side of the globe or even just a few steps beyond the closest border involves many differences and problems that need to be taken care of. But while a small order from a private person causes enough trouble, still far more legal issues arise from trade from businesses to business (B2B) contracts over borders. The reason for this is that every state has its own laws, rules and customs and it needs to be clarified which is to be prioritized and obeyed. As the cross-border trade has grown dramatically during the last decades, it therefore has become essential that organizations fight for unifying the laws and regulations for international trade against. One of the most famous and most important institutions is the International Institute for the Unification of Private Law or UNIDROIT. Its main tasks consist of harmonizing and coordinating international private law. Currently (July 8, 2007) the organization has 61 members, including the majority of the leading industrial nations like the United States, Germany, India and China.
In the following paper I am going to analyze and explain the UNIDROIT and its achievements in detail. Therefore I am going to start with a brief summary of its history and evolvement since its foundation. After this I will concentrate on the goals and objectives the organization has been founded upon. Then I will concentrate on the structure and working principles of it, followed by UNIDROITS certainly most important achievements concerning what they say and what importance they have. Before ending with a brief conclusion of what has been discussed, I will also come to setbacks in the organizations history and structure.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- History
- Objectives
- Organization
- .2
- .3
- .5
- ...6
- .7
- Important Achievements
- UNIDROIT Principles of International Commercial Contracts
- Convention on International Interests in Mobile Equipment
- Criticism and Setbacks
- Conclusion
- Sources
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
The main objective of this paper is to analyze and explain the UNIDROIT and its achievements in detail. It aims to shed light on the organization's history, goals, structure, and key contributions to international trade harmonization.
- History and evolution of UNIDROIT
- Goals and objectives of the organization
- Structure and working principles of UNIDROIT
- Key achievements of UNIDROIT
- Criticism and setbacks faced by the organization
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction provides a concise overview of the challenges and complexities of international trade, highlighting the need for harmonization of laws and regulations. It introduces UNIDROIT as a key institution dedicated to unifying international private law.
The history chapter traces the origins of UNIDROIT back to its founding in 1926 by the League of Nations. It details its evolution as an independent international organization and emphasizes its key achievements, including the "UNIDROIT Principles of International Commercial Contracts" and the "Convention on International Interests in Mobile Equipment."
Schlüsselwörter (Keywords)
The main keywords and focus topics of the text include: UNIDROIT, international trade harmonization, international private law, UNIDROIT Principles of International Commercial Contracts, Convention on International Interests in Mobile Equipment, international business law, legal issues in international trade, cross-border contracts.
- Citation du texte
- Andreas Giese (Auteur), 2007, UNIDROIT - How it contributed to international trade harmonization, Munich, GRIN Verlag, https://www.grin.com/document/186409
