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Title: Unidroit principles in international trade contracts’ regulation
Authors: Mimoso, Maria João
Anjos, Maria do Rosário
Sousa, Carla
Silva, Sara
Keywords: Globalization
International trade
Lex mercatoria
Uses and customs
Issue Date: May-2019
Citation: Mimoso, M. J., Anjos, M. R., Sousa, C., & Silva, S. (2019). Unidroit principles in international trade contracts’ regulation. In V. Beker, A. Lackovic, & G. Pavelin (eds.), Economic and Social Development (Book of Proceedings), 40th International Scientific Conference on Economic and Social Development, Buenos Aires, Argentina, 10th-11th May 2019 (pp. 138-143). Disponível no Repositório UPT,
Abstract: International trade has been facing a globalization process, which caused the inoperativeness of state laws in the field of business’s dynamics. It soon became necessary to create a range of rules to regulate these kind of relations. Firstly, merchants began to regulate them through habits and practices, that took roots over the years, in each market sector (lex mercatoria). After the first world war, there were several attempts to create a harmonized normative system, which would control international trade contracts. One of the main institutions that has widely contributed to the harmonization and unification of the commercial law is, undoubtedly, the UNIDROIT Institute, through its principles, which had been improved and completed throughout time, applying its rules to several legal systems. This research intends not only to describe the importance of these principles but also to demonstrate its contribution to international trade and explain the reason for its success. Moreover, the upgrades introduced in the last version (2016) will be mentioned. At last, we will focus on the legal nature of these principles.
ISSN: 1849-7535
Appears in Collections:IJP - Comunicações a Congressos Internacionais / Papers in International Meetings

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