DynCorp International, LLC, a U.S. company, and Aramco, a Saudi-owned corporation, entered into a contract for a computer system which was to be manufactured in the U.S. and installed at Aramco’s facilities in Saudi Arabia. The contract contained a choice of law provision requiring the...

The discipline of unfair commercial practices is outside the competences of Banking and Financial Ombudsman, thereby implying the obligation of the parties, in negotiations and in the definition of contracts, to act in good faith

A higher level of judicial protection in the field of unfair commercial practices can be achieved by a stronger harmonization of Eu rules and procedures, even with soft law instruments, such as interpretative communications on the principles of the discipline

The civil action is, in principle, governed by the law of civil procedure as a way of formulation in the court the plaintiff's claims against defendant in the contentious proceedings. The civil law contains a set of rules which governing the forms of civil action, without claiming penetration of...

The issue of determining the applicable law in the international trade contract before the arbitral tribunal is significantly different from its determination in the court of law. The explanation of this differentiation lies in the basis of the authority of the arbitral tribunals and of the...

This study displays several theoretical and practical remarks on certain abusive terms of loan contracts. Considering the European Law, the main regulation framework is given by Directive 93/13/EEC approved by the Council on the 5th April, 2013, regarding the abusive terms and conditions within...

The well-known subprime mortgage crisis, which began to manifest in early 2007, since when the effects of the speculative bubble begin to become evident from the increase in default rates in residential mortgages, has triggered a global crisis that has pushed various legislations over time to...

This article considers the consequence of incomplete contracts that arise due to difficulties in precisely describing potentially relevant contingencies. Unlike much of the literature, this article concludes that the resulting incompleteness could often be immaterial with respect to economic...

The well-known subprime mortgage crisis, which began to manifest in early 2007, since when the effects of the speculative bubble begin to become evident from the increase in default rates in residential mortgages, has triggered a global crisis that has pushed various legislations over time to...