Globalisierung und Recht: Auswirkungen der Globalisierung auf die Praxis grenzüberschreitender Transaktionen aus deutscher Perspektive

Topic of this publication is the impact of globalisation on the practise of cross-border transactions from a German legal perspective. The focus is on four key questions: Who determines the applicable law in case of a cross-border transaction? Who determines which courts shall have international jurisdiction? In which language will the legal documents be negotiated and drafted in practise? The culture of which jurisdiction will actually influence the structure and wording of such legal documentation? The answers to these questions will make clear that cross-border transactions are still primarily ruled by national laws or in case of the member states of the European Union also by supernational law, meaning there is generally no unified international law, while the language of such contractual documents as well as the culture influencing the legal documentation are in practise generally Anglo-Saxon standards.