UCP 600 is the latest revision of letters of credit rules, effective July 2007. ICC established UCP in 1933 to facilitate international trade. Rules represent private international organization's work, not government
Book covers social order rules, law definition, sources and systems of law. Divides social order into religious, customary, moral and legal rules. Discusses legal systems: common, civil and religious law. Explores application of legal rules and burden of proof
ICJ cases include contentious cases and advisory opinions since 1946. 195 cases have been entered onto the General List for consideration. Only states have standing to bring compulsory claims
Founded in 1893 by Tobias Asser in The Hague. Became international organisation after World War II. Currently has 91 members, including 90 states and EU. Uses French, English, and Spanish as official languages
Convention applies to contracts between parties with different business locations. Does not cover personal use goods, auctions, stocks, or electricity. Parties may exclude or vary the Convention's application. Contract formation is not required to be in writing
Law governs international commercial arbitration with foreign elements. Arbitration agreement must be in writing and valid under parties' agreed law. Parties have equal rights and powers in arbitration proceedings. Turkish language or recognized state's formal language is used