TY - JOUR
AU1 - Vogenauer, Stefan
AB - The Unidroit Principles of International Commercial Contracts (PICC), a set of non-binding contract law rules and principles designed for cross-border trade on a global scale, were first published in 1994. As a soft law instrument, they deliberately avoid the traditional public international law approach to harmonization of private law by way of conventions concluded by contracting States. At the same time, they do not sit comfortably with the current national regimes of private international law and their choice of law rules. This article traces the development of the PICC over the past two decades and attempts some predictions about their future relevance, not the least in the light of a recent initiative by the Hague Conference on Private International Law. The focus, however, is on a critical assessment of the new provisions in the most recent version of the PICC, the 2010 edition, which deal with illegal contracts, contractual conditions, the plurality of obligors and obligees, and the unwinding of failed contracts.
TI - The Unidroit Principles of International Commercial Contracts at twenty: experiences to date, the 2010 edition, and future prospects
JF - Uniform Law Review
DO - 10.1093/ulr/unu038
DA - 2014-12-02
UR - https://www.deepdyve.com/lp/oxford-university-press/the-unidroit-principles-of-international-commercial-contracts-at-D0rL1O1T4M
SP - 481
EP - 518
VL - 19
IS - 4
DP - DeepDyve
ER -