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as foreign-currency set-off or hardship. Practitioners who use the principles describe them as a state-of-the art tool which is particularly useful when parties from different legal systems desire to agree on a neutral contractual regime. International law firm networks have an increasing number of committees concentrating on promoting the use of the UNIDROIT Principles in practice (e.g. the
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The UNIDROIT Principles were first released in 1994, with enlarged editions published in 2004, 2010, and most recently in 2016 (including issues related to long-term contracts). Established with an international mind-set, they address many issues on which national legislators do not concentrate, such
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and even national laws. Most importantly in private practice, they offer a neutral contractual regime which the parties can choose, either by incorporation into their contracts (in whole or in parts), or by a straightforward choice of the UNIDROIT Principles (e.g. “This contract is governed by the
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The
Principles of International Commercial Contracts 2016 (most frequently referred to as UNIDROIT Principles and often also referred to as PICC) is a set of 211 rules for international contracts. They have been drawn up since 1984 by an international working group of the inter-governmental
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Brödermann, Eckart J., UNIDROIT Principles of
International Commercial Contracts: An Article-by-Article Commentary. Nomos (Germany) and Wolters Kluwer (Netherlands), 433 p., 2018 (reviewed e.g. by in Singapore by Michael Patchett-Joyce
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UNIDROIT Principles of
International Commercial Contracts 2016”; in practice such a clause is often combined with an arbitration clause).
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Commentary on the UNIDROIT principles of international commercial contracts (PICC)
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Commentary on the UNIDROIT principles of international commercial contracts (PICC)
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Chapter 9, Assignment of rights, transfer of obligations, assignment of contracts
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An
Overview of the UNIDROIT Principles of International Commercial Contracts
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https://lawgazette.com.sg/lifestyle/book-shelf/unidroit-principles/
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60:Chapter 2, Formation and Authority of Agents
69:Chapter 5, Content and Third Party Rights
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172:S. Vogenauer and J. Kleinheisterkamp,
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125:Principles of European Contract Law
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131:Restatement (Second) of Contracts
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84:Chapter 10, Limitation periods
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57:Chapter 1, General Provisions
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39:International Bar Association
194:Unidroit's page for the PICC
183:(Oxford: OUP, 2nd edn 2015)
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75:Chapter 7, Non-Performance
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66:Chapter 4, Interpretation
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72:Chapter 6, Performance
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49:Contents
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19:UNIDROIT
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