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The UNIDROIT Principles of International Commercial Contracts, or PICC, were created in 1994 after decades of preparation, against what Oxford author Stephan Vogenauer calls a “romantic background” of a global commercial law, or lex mercatoria. While the UNIDROIT PICC offer a harmonizing global contract law, some objectors may say that as “principles”, they are too vague. Stefan tackles this objection in the video below, and also highlights how some practitioners may be surprised by the contents of the Principles.
The post An overview of the UNIDROIT PICC, with Stefan Vogenauer appeared first on OUPblog.
