The formulation of the African Principles on the Law Applicable to International Commercial Contracts is a project of the Research Centre for Private International Law in Emerging Countries at the University of Johannesburg. The African Principles, which instrument sets forth general principles for determining the law applicable to international commercial contracts, are envisaged to become a regional model law, or even a binding regional convention, for the Member States of the African Union. They could also be considered by regional economic integration and similar organisations, for instance EAC, ECOWAS, OHADA and SADC, or by national legislators on the African continent. In addition, they may be used by African courts in the interpretation, supplementation and development of the rules of private international law of contract, and also by arbitral tribunals, whenever appropriate and whether the tribunal is seated in Africa or elsewhere.
Description:
The formulation of the African Principles on the Law Applicable to International Commercial Contracts is a project of the Research Centre for Private International Law in Emerging Countries at the University of Johannesburg. The African Principles, which instrument sets forth general principles for determining the law applicable to international commercial contracts, are envisaged to become a regional model law, or even a binding regional convention, for the Member States of the African Union. They could also be considered by regional economic integration and similar organisations, for instance EAC, ECOWAS, OHADA and SADC, or by national legislators on the African continent. In addition, they may be used by African courts in the interpretation, supplementation and development of the rules of private international law of contract, and also by arbitral tribunals, whenever appropriate and whether the tribunal is seated in Africa or elsewhere.