What is Pacta Sunt Servanda ? Pacta sunt servanda (sunt servanda or pacta servanda) is a Latin phrase that translates to English as “agreements must be kept” or “promises must be kept”. In other words, when parties enter into a contract, they must respect the terms and conditions of the contract representing the expression of […]

Soft Law Soft law is all about those legal instruments that don’t carry the weight of enforcement like the traditional hard law. Unlike treaties, statutes, or conventions which have legal obligations attached to them, soft law instruments are more like suggestions or guidelines. They serve as a framework for behaviour and cooperation in areas where […]

In the complex and ever-evolving landscape of international trade, the concept of Lex Mercatoria, or the “Law Merchant,” plays a crucial role in facilitating smooth transactions and resolving disputes across borders. What is Lex Mercatoria? Lex Mercatoria refers to a body of commercial law that has developed over centuries through customary practices, usage, and principles […]