The term international, in the syndicated loans and bonds, entails multiple laws, forums and jurisdictions. The conflict of laws, in such a case, is natural. Combination of laws, given their different approaches, is not a workable proposition. Harmonization of financial laws at international level is still an idealistic suggestion. So, to form, interpret and execute the international contracts, there is a need to adopt a single system of law. This, the parties to a contract can choose at the time of the concluding of the contract.
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Posted on Tuesday, January 23rd, 2007. Filed under: Law Misc
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