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Thesis University of Akureyri > Hug- og félagsvísindasvið > B.A./B.Ed. verkefni >

Please use this identifier to cite or link to this item: http://hdl.handle.net/1946/1616

Title: 
  • is The Law of Contract under the Rome Convention
Abstract: 
  • is

    Each nation, territory or country possesses its own set of laws. It would be beneficial and
    advantageous if these laws can be harmonizing. In International business and work several
    harmonizing process of international laws took place. This creates few problems and
    complexity in international affairs. The applicability of certain laws therefore becomes the
    basis of a legal system and how this can be utilized in the greater complexity of certain
    involvements and participations. The harmonization of these different laws has been
    addressed through private international law or systems of conflict of laws. The need to
    harmonize these laws, as mentioned, can be seen in the fact that increasing globalization has
    led to more international transactions in which the participating parties are also protected by
    their respective national laws. The European Union, together with some other nations, ratified
    a unification system for the application of contractual obligations that would be followed for
    the European Economic Community and its members. Many countries of Europe signed the
    Rome Convention after the preparation of it. The Rome Convention, as it came to be known,
    is the Applicable Law to Contractual Obligations and was convened to create at least a
    harmonized, if not a unified, body of law within the scope of the European Union. This thesis
    gives insights on the challenges faced by individuals in international transactions while
    undertaking contracts with respect to Rome Convention.

Accepted: 
  • Jul 9, 2008
URI: 
  • is http://hdl.handle.net/1946/1616


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