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
- 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)
This paper examines the International Institute for the Unification of Private Law (UNIDROIT) and its contributions to harmonizing international trade law. It explores the organization's history, objectives, structure, and key achievements, particularly focusing on the UNIDROIT Principles of International Commercial Contracts and the Convention on International Interests in Mobile Equipment.
- The history and evolution of UNIDROIT
- The objectives and goals of the organization
- The structure and working principles of UNIDROIT
- The major achievements of UNIDROIT in international trade law harmonization
- Criticisms and setbacks faced by the organization
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: The paper introduces the significance of international trade harmonization and highlights the role of UNIDROIT as a key institution in unifying private law across borders.
- History: This chapter traces the origins of UNIDROIT back to its founding in 1926, outlining its evolution from a League of Nations initiative to an independent international organization. It also mentions key achievements, including the UNIDROIT Principles of International Commercial Contracts and the Convention on International Interests in Mobile Equipment.
- Objectives: This chapter focuses on the goals and objectives that guided the establishment of UNIDROIT. It outlines the organization's mission to harmonize and coordinate international private law.
- Organization: This chapter delves into the structure and working principles of UNIDROIT, explaining how it functions to achieve its objectives.
- Important Achievements: This chapter analyzes two of UNIDROIT's most significant achievements: the UNIDROIT Principles of International Commercial Contracts and the Convention on International Interests in Mobile Equipment. It discusses the content and importance of these instruments in facilitating international trade.
- Criticism and Setbacks: This chapter addresses the criticisms and setbacks that UNIDROIT has faced throughout its history, acknowledging any challenges or limitations in its efforts to harmonize international trade law.
Schlüsselwörter (Keywords)
This paper explores UNIDROIT's contributions to international trade harmonization. It focuses on key concepts such as private law, international trade, harmonization, coordination, UNIDROIT Principles of International Commercial Contracts, Convention on International Interests in Mobile Equipment, and the role of international organizations in regulating global commerce.
- Quote paper
- Andreas Giese (Author), 2007, UNIDROIT, Munich, GRIN Verlag, https://www.grin.com/document/83080
