Soft Law in International Trade Finance

Erscheinungsjahr 2025
ISBN: 978-90-04-70926-3
Verlag: World Bank Publications

Buch, Englisch, Band 1, 704 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 1178 g

Reihe: Ius Comparatum

Expert contributors to this volume offer a comprehensive exploration of the UCP 600's impact on international trade finance law, examining the dynamic interplay between soft law and legal harmonization in 28 jurisdictions across all continents. With a rich array of case studies and insightful analysis, this book provides a nuanced interpretation of how soft law shapes global commerce. Its diverse perspectives and practical insights make it essential reading for practitioners and scholars seeking a deeper understanding of the real-world implications of soft law in trade.

Autoren/Hrsg.

de Oliveira, Agatha Brand O

Gama, Lauro

Saumier, Geneviève

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht
• Rechtswissenschaften Recht, Rechtswissenschaft Allgemein Rechtsvergleichung

Inhaltsverzeichnis

List of Figure and Tables

PART 1: General Report

1 The Effectiveness of International Legal Harmonization through Soft Law (with a Focus on the UCP 600)

Agatha Brandão de Oliveira, Lauro Gama and Geneviève Saumier

1 Part I

1.1 Introduction

1.2 The Role of Soft Law in International Trade

1.3 An Overview of Letters of Credit and the UCP

1.4 The UCP as Soft Law

2 Part II

2.1 The UCP and How It May Apply to Govern Letters of Credit

3 Part III

3.1 The Future of the UCP as a Harmonizing Tool

Annex 1

Annex 2

Annex 3

PART 2: Special Report

2 Letters of Credit as Products of Transnational Customary Law: What Does That Mean?

J.H. Dalhuisen

1 Introduction

2 The Issue of Transnationalisation: the Modern Lex Mercatoria, Its Sources, and Their Hierarchy

3 The Modern Lex Mercatoria, Its Sources, and Their Hierarchy in Respect of the Letter of Credit

4 Practical Significance of the Transnational Approach

5 Law, Soft Law, and the Role and Function of an International Commercial Court

6 Conclusion

3 A Primer on Trade Finance and the UCP

Alexander R. Malaket

1 Context: International Trade and Financing

2 Trade Financing

2.1 Traditional Trade Finance and SCF

2.2 The Four Elements of Trade Finance

2.3 Transaction Flow, Rules and Market Practice

2.4 Documentary Letters of Credit

2.5 Balancing Rules, Guidance and Market Practice

3 Complementary Rulesets and Guides

4 icc and the ucp

4.1 Revisions of ucp

4.2 Harmonised Practice in Trade Finance

5 The Ucp: Harmonisation through Soft Law?

PART 3: National Reports

4 Argentina

Ariel G. Dasso

5 Australia

Sheelagh McCracken and Andrew Boxall

6 Austria

Andreas Schwartze

7 Belgium

Antoine De Spiegeleir

8 Brazil

Ligia Maura Costa

9 Canada

Michel Deschamps

10 China

Yanan Zhang

11 Czechia

Nadežda Rozehnalová and Jirí Valdhans

12 Egypt

Mohamed S. Abdel Wahab

13 Finland

Onerva-Aulikki Suhonen

14 France

Dominique Doise and Valérie Mayer

15 Germany

Olaf Meyer

16 India

Saloni Khanderia

17 Japan

Hiroo Sono

18 Mexico

Miguel Angel Bustamante

19 The Netherlands

Marta Pertegás Sender and Marielène Wertenbroek

20 Nigeria

Abubakri Yekini and Kolawole Mayomi

21 Norway

Berte-Elen Konow

22 Paraguay

Pablo A. Debuchy Boselli

23 Russia

Andrey Shirvindt

24 South Africa

Michelle Kelly-Louw and Wilhelm G Schulze

25 Sweden

Lars Gorton, Johan Adestam and Helen Ström Nilsonne

26 Switzerland

Renato Costantini

27 Turkey

Ceyda Süral Efeçinar, Ekin Ömeroglu and N. Tugçe Bilgetekin

28 United Kingdom

Anna-Mari Antoniou

29 Venezuela

Fernando Sanquírico Pittevil

30 Vietnam

Nguyen Thi Bich Ngoc

Index

Über Autor(innen)

Agatha Brandão de Oliveira is a dual-qualified lawyer based in Switzerland. She coordinates a research project on Choice of Law in International Commercial Contracts at the University of Lucerne and is co-editor of a number of textbooks on private international law, including Global Private International Law: Adjudication without Frontiers (Elgar, 2019).

Lauro Gama is an Adjunct Professor at the Pontifical Catholic Univ. of Rio (PUC-Rio), where he teaches Private International Law, Contracts and International Commercial Arbitration. He has made significant contributions to the field of soft law through his authorship, most notably Les principes d’UNIDROIT et la loi régissant les contrats de commerce (Brill, 2019). He is also a founding partner of Lauro Gama Advogados Associados.

Geneviève Saumier, Dean, Faculty of Law, Université de Montréal, previously Peter M. Laing Q.C. Professor of Law, Faculty of Law, McGill University, is a recognized expert in private international law. Her research focuses on the resolution of international disputes, consumer law and cross-border class actions. She is the co-rapporteur for the Explanatory Report of the HCCH 2019 Judgments Convention.