Journal article
Divergent or Parallel Tracks: International and Domestic Codification of Commercial Law
The Business lawyer, Vol.47(4), pp.1505-1515
01 Aug 1992
Abstract
Activities are currently under way on the international level leading to the creation of an "International Uniform Commcercial Code." The first step was the drafting and signing of the United Nations Convention on Contracts for the International Sale of Goods. The current development of this emerging international code is taking place when the US Uniform Commercial Code (UCC) is undergoing tremendous scrutiny and revision. The challenge facing commercial lawyers is to harmonize the activities that are occurring on the domestic and international levels in order to assure that the events occurring on both levels fulfill the purposes of commercial codification: 1. to simplify, clarify and modernize the law, 2. to permit the continued expansion of commercial practices through custom, usage, and agreement of the parties, and 3. to make uniform the law among various jurisdictions. Specific areas where progress in domestic and international codification seem to parallel include sales, letters of credit, secured financing, payments systems, and documents of title.
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Details
- Title
- Divergent or Parallel Tracks: International and Domestic Codification of Commercial Law
- Creators
- Amelia BossPatricia Fry
- Publication Details
- The Business lawyer, Vol.47(4), pp.1505-1515
- Publisher
- American Bar Association
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Thomas R. Kline School of Law
- Identifiers
- 991020534920604721
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