Party Autonomy and Choice of Law in International Commercial Contracts: Theoretical and Practical Perspectives
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The principle of party autonomy in international commercial contracts, which allows contracting parties to choose the governing law of their agreement, plays a crucial role in cross-border transactions. While this principle is widely accepted, its practical application varies significantly across jurisdictions, leading to diverse legal interpretations and enforcement challenges. This article aims to address the drawbacks identified in the existing literature by providing a clearer structure, more in-depth analysis, practical examples, and a balanced discussion of theoretical perspectives and recent developments.
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