The Principles of BRICS Contract Law: A Comparative Study of General Principles Governing International Commercial Contracts in the BRICS Countries

This book examines national reports on contract law in each of the BRICS countries to provide a comparative analysis and establish common principles and general "soft law" principles governing international commercial contracts. The importance of commercial transactions in the BRICS countries is growing, but differences in contract law can lead to misunderstandings and disputes. Addressing the salient legal issues within the BRICS discourse requires a comprehensive, comparative approach to identify similarities and convergences and reduce legal obstacles to cross-border transactions.

Format: Hardback
Length: 439 pages
Publication date: 10 August 2022
Publisher: Springer International Publishing AG

The importance of commercial transactions in the BRICS countries is rapidly growing, yet differences in contract law among these countries can lead to misunderstandings and disputes. The rapid development of the BRICS instruments (and the legal implications of their use) suggests the need to address common legal issues that could harm the continued development of the BRICS economies. Contract law represents one of the core areas in which this process can take place. Addressing the salient legal issues within the BRICS discourse requires a comprehensive, comparative approach that explores the different solutions provided by each member country, in order to identify similarities and convergences. This process may ultimately help to reduce the legal obstacles to, and indirect costs of, cross-border transactions by offering a transparent and predictable legal environment for any future attempt at adopting common legal instruments.

The book under review examines national reports on contract law in each of the BRICS countries (Brazil, Russia, India, China, and South Africa) in order to provide a comparative analysis. It then establishes common principles, where possible, as well as a set of general "soft law" principles governing international commercial contracts in these countries.

The importance of commercial transactions in the BRICS countries is rapidly growing, yet differences in contract law among these countries can lead to misunderstandings and disputes. The rapid development of the BRICS instruments (and the legal implications of their use) suggests the need to address common legal issues that could harm the continued development of the BRICS economies. Contract law represents one of the core areas in which this process can take place.

Addressing the salient legal issues within the BRICS discourse requires a comprehensive, comparative approach that explores the different solutions provided by each member country, in order to identify similarities and convergences. This process may ultimately help to reduce the legal obstacles to, and indirect costs of, cross-border transactions by offering a transparent and predictable legal environment for any future attempt at adopting common legal instruments.

Weight: 840g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031008436
Edition number: 1st ed. 2022