Transnational Commercial Law

Transnational Commercial Law refers to a body of legal principles and regulations that govern international business transactions. It addresses issues like contracts, trade practices, and dispute resolution between parties from different countries. Since national laws can vary, transnational law aims to create a uniform framework to ensure fairness and efficiency in global commerce. This includes treaties like the UN Convention on Contracts for the International Sale of Goods (CISG) and rules established by international organizations. Essentially, it helps businesses navigate the complexities of operating across borders, promoting international trade and investment.