Top international lawyers will meet in Paris later this month to discuss and adopt a wide range of new International Chamber of Commerce (ICC) rules and tools of vital importance for business contracts.
ICC's Commission on Commercial Law and Practice (CLP), which consists of 550 expert members from 54 countries across the globe, will meet at ICC international headquarters on 27 October 2005. The agenda will cover legal issues affecting international business including several new ICC documents designed to assist traders across the world.
The new ICC tools and policy positions up for adoption by the CLP commission include:
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The ICC Model Confidentiality Agreement, to facilitate exchanging data and documentation in a collaborative environment on new or existing business arrangements;
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The ICC Legal Handbook on Global Sourcing Contracts, to assist small and medium sized companies engaged in sourcing transactions;
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The ICC Model Turnkey Contract, which provides balanced provisions for major construction projects;
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An ICC policy statement on the adverse effects of class action litigation, which sets out business concerns about the introduction of class action systems across the world;
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An ICC policy statement on electronic invoicing in and with the European Union, to exhaustively list international business observations about electronic invoicing in and with the European Union;
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An ICC letter to governments across the world with a business recommendation to ratify the new Hague Convention on Choice of Court Agreements, which brings significant benefits to business by making sure that their contractual choices of court are respected; and,
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An ICC letter urging justice ministers in the Nordic countries to remove their reservations to the United Nations Convention on Contracts for the International Sale of Goods.
Fabio Bortolotti, Partner of the Law firm Buffa, Bortolotti and Mathis said “This selection of new tools and positions demonstrates the unique role of ICC. Alone among private sector organizations, it creates the rules, norms, standards and tools at the heart of international trade.”
ICC's authority stems from a worldwide membership of thousands of companies and associations representing every business sector. Although voluntary, ICC rules carry the force of law when incorporated in contracts.
The ICC Commission on Commercial Law and Practice facilitates international trade and promotes a fair and balanced self-regulatory and regulatory legal framework for international business-to-business (B2B) transactions.
Business people, legal advisors and experts are welcome to contact the ICC International Secretariat for further information about how to join the ICC Commission on Commercial Law and Practice through ICC's network of 90 national committees and participate in the 27 October meeting in Paris.