International Law And International Financial Obligations Arising From Contract

This is the first volume to comprehensively and systematically study, describe, and theorize the financial obligation created and governed by public international law. Legal globalization has given rise to a number of financial issues in international law in areas as diverse as development financing, investment protection, compensation of human rights victims, and sovereign debt crises. The claims resulting from the proliferation of financial activity are not limited to those primarily involving financial obligation (e.g. loans and grants) but include secondary obligation resulting from the law on international responsibility. Among the many instances of financial obligation covered in this study, the reader will find inter-State financial transactions, inter-State sale of goods, transnational services such as telecommunications and post, the financial operations of multilateral institutions, loans, grants and guarantees provided by the various international financial institutions, certain financial relations between non-State actors (including natural persons) and States, intergovernmental organizations or other international legal actors, and government loans to international organizations. Rich in historical detail and systematic in its coverage of contemporary law, this book will be valued by all practitioners and scholars with an interest in the nature of international financial obligation.

The book is an exposition of 100 of the major cases, which have either created or illustrate well, the legal system as we know it today. The cases have been chosen primarily for illustrating important points of law in a large variety of legal disciplines

This work analyzes a range of current problems relating To The law and practice of international finance. Attention is paid To The European Currency Unit And The Special Drawing Right, exchange rates and legal opinions in international financing. The high quality of the expert contributions to this work is enhanced by the combined perspectives of both experienced legal practitioners and leading academics. – the European Currency Unit (ECU) And The Special Drawing Right (SDR): Legal Assessment of a Worldwide and a Regional Basket Unit (Hugo J. Hahn). – Adapting Restructuring and Loan Agreements to New International Debt Management Strategies (Andre W.G. Newburg). – the Draft UNCITRAL Model Law on International Credit Transfer (Eric Bergsten). – the Law of International Documentary Credits: Principles, Liabilities and Responsibilities (Ljudevit Rosenberg). – Contract Guarantees (Lars A.E. Hjerner). – Bills of Exchange in International Trade (Reinhard Welter). – Legal Opinions in International Financial Transaction (Paul Volken). – International Financial Law: Conflict of Laws (Petar Šarcevic) .

Adaptation and Renegotiation of Contracts in International Trade and Finance