Continuous work on the document relating to autonomy of the parties in international trade contracts has been completed within the framework of the Hague Conference on Private International Law. Direct work on drafting of the new document took about five years. The document is called “The Hague Principles of Choice of Law Applicable to International Commercial Contracts” (The Hague Principles). The official final approval of the new document took place on March 19, 2015.
AGP Partner Ivan S. Zykin has written an article discussing the Hague Principles (and in particular, comparing them with the provisions of Russian international private law) to identify the key distinctive features of the new document and its implications.
Mr. Zykin’s article has been included in the collection of articles “Actual Legal Aspects of Nowadays International Commerce Practice”, which comprises articles on various topical matters of international private and foreign civil and commercial law, mostly concerning business operations.