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Introducing a Common Tool for Business and Defense Lawyers
- The UNIDROIT Principles of International Commercial Contracts as a bridge for business (of
clients and lawyers)-Rechtsanwalt Prof. Dr. Eckart Brödermann (University of Hamburg), LL.M. (Harvard), Maître en droit (Paris V), FCIArb. (London), Attorney-at-law (New York), (German) Bar Certified Spcialist for Cross-BorderEconomic Law
Boston Global, 18 October 2018 hosted by: Primerus Business Law Institute
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Goal of this Speech
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Agenda
I. Examples of potential clashes
between different common and different civil laws - and different cultures
II. Risk Management
III. Reduce risks by building bridges
with the UNIDROIT Principles of International Commercial Contracts
IV. Practical personal experience
V. Business Development
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Examples of potential clashes between different common and different civil laws ….. and different cultures
Dutch
W.B.
▪ Mind-set of arbitrators and judges▪ Fact v. Law▪ Prescription▪ Language▪ Interpretationof contracts▪ Battle of forms▪ Taking of Evidence▪ Preparation of witnesses
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Risk Management
▪ A corporate law duty of
our clients
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Risk Management
➢ And: A professional duty for you!
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The steps of risk management
Risk Management Planning
Discovering the Risks
Understanding of Risks
Evaluation of Risks
Regulation of Risks
Controlling of Risks
Risk
Management
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Risk graph
Probability
of RealisationProbable Amount of Damage
often
probable
sometimes
seldom
unlikely
Not
imaginable
De minimis slight critical disastrous
Unacceptable area
Risk minimisation by shaping of the contract
acceptable
Risk Evaluation
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Discovering the Risks
Different causes
Delay
Increased Costs
Impossibility
– The realization of the project becomes
impossible
– Damage to the company (the client)
People (Team, Opponent)
Project (Technical issues)
Economic Issues (e.g. Finances)
Operational Issues
(interdisciplinary)
Cultural Issues
Legal Reasons
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Mastering the skill-set for cross border contracts
Knowledge about methods of interpretation
◼ Schemes of interpretation
Legal Fields of Knowledge
◼ Contracts
➡etc.Legal Reasons
Internal
Organisation
Intellectual
Property
International
Taxation
Customs
Export control
(„dual use“)
Cultural
competence
Transport &
Insurance
Operative
core
competences
International
legal
competence
Language
skills
Mastering the research of sources of law
◼ International treaties
◼ (Regional – eg NAFTA) Law
◼ National law
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Step 1: Forum which accepts the UNIDROIT Principles
▪ The dispute resolution clause
▪ Trumps the choice of law clause→ it determines the mind-set
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Step 2: The choice of UNIDROIT Principles clause
▪ The 2d clause in ranking
▪ A disruptive legal technology, but it functions
▪ No state law, but rules of law
▪ It sets the scene for clauses on:
– Liability, Indemnity, Consequential damages,
Warranty, Insurance etc.
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UNIDROIT Principles - Background
▪ An international restatement of commercial law and a compromise between civiland common law (1985-2016)
▪ Key features: responsibility by spheres, except for force majeure or other distribution of the risk by contract (exemption clause Art. 7.1.6.) plus a basic commitment to fairness
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UNIDROIT Principles: underlying general principles
✓Freedom of Contract
✓Fair Dealing
✓Bindingness of a contract
✓Openness to usages
✓Upholding the contract if possible
✓Interpretation and supplementationin accordance with the underlyinggeneral principles
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UNIDROIT Principles: practical value (1)
❖ A robust system of default rules on performance
❖ Time zone management (Art. 1.12 (3))
❖ Language (Art. 4.7)
❖ Currency (Arts. 6.1.9 et seq., Art. 7.4.12 – damage; Art. 8.2 – set-off)
❖ Public permission requirements (Art. 6.1.14 – 6.1.17)
❖ Payment by transfer of funds (Art. 6.1.8)
❖ Interest rate (Art. 7.4.9 (2))
❖ rule favoring contracts with open terms (Art. 2.1.14)
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UNIDROIT Principles: practical value (2)
> 30 compromises
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17 Years of Practical Experience
➢ In Arbitration➢ In Litigation➢ In Negotiation➢ As Entrepreneur
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Industry Experience
Automotive
Construction
Cooperations
Distribution
Health
Gold
IT
Satellite
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Writing Experience
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What‘s in for us as a Primerus Team?
Merci beaucoup!
Vielen Dank!شكراً جزيلً
Thank you very much!
Rechtsanwalt Prof. Dr. Eckart Brödermann(Universität Hamburg), LL.M. (Harvard), Maître en droit (Paris V), FCIArb. (London)
(German) Bar Certified Spcialist for Cross-Border Economic Law, Attorney-at-law(New York), Rechtsanwalt (Germany)
ABC-Str. 1520354 Hamburg
www.german-law.com