INTERNATIONAL LAW OF OBLIGATIONS
Private autonomy exists in the international law of obligations. This means that the parties have the possibility to make a choice of law agreement according to § 27 EGBGB. This is often expressed in the form of general terms and conditions. If there is no such agreement, the law of the country with the closest connection to the contract is applicable. In many foreign business transactions, the contractual partners live in different countries and belong to different legal systems, therefore subject to different economic and political conditions. Comprehensive legal advice can help to remedy this situation.
