International Trade Law
In the economic system of all countries, specific rules and regulations have been established for doing business, based on which all institutions, organizations and companies conduct business. When countries intend to export products or import goods from other countries beyond their territorial borders, international trade laws govern the exchanges. Thus, international trade law is a set of rules and regulations governing the economic relations between countries, which can be divided into two general categories: private international trade law and public international trade law.
ESK Internationla Law Firm
Our team is composed of highly skilled and versatile lawyers who combine practical experience and academic knowledge of their field. Most of our practitioners have worked in different professional environments, often outside their home jurisdiction.
Divisions of international trade law
That part of international trade law that deals with the regulation of relations between companies, individuals and commercial contracts between parties is included in private international law, which is also referred to as international business law. The advancement of technology, communication sciences and the expansion of the Internet have had a double effect on the growth and development of this branch of law, and by making international exchanges easier, it has provided the possibility of the more and better presence of businessmen in this field. Also, the ease of communication with the outside world in the present era and the desire of countries to supply their products to other parts of the world have been the main reasons for the growth and development of this branch of law.
The public aspect of international trade law includes conventions, treaties, legal rules and commercial procedures that regulate the relations of governments with each other and usually undergo transformation and evolution over time after being formed as a result of long-term processes of negotiation and action. The World Trade Organization, UNCITRAL, International Chamber of Commerce and UNIDROIT are among the institutions that describe and formulate macroeconomic policies in the field of customs, trade tariffs, international dispute settlement, sanctions and international punishments. In fact, the policy of governments in regulating commercial, economic and financial relations determines the rules of this part of international law.
Private international trade law
The economic activity of countries in the extraterritorial arena is followed by investment and trading companies. Merchants, investors, entrepreneurs and economic activists, through international trade exchanges and in the way of providing markets for the sale of their products, in practice, advance the economic goals of governments in the international arena. Such an environment, which is undoubtedly full of competition between small and large companies to obtain the most profit and superiority over other competitors, requires sufficient knowledge of legal rules and regulations to prevent the waste of energy and capital of investors and to prevent disorder in the field of the international economy.
The subject of international trade law
Legal issues in international trade law include a wide range of activities, including the preparation and drafting of commercial contracts and international documents, monitoring the implementation of international contracts, and filing complaints in international lawsuits and defending in courts. International trade law consulting is also one of the most common areas of work in this field, which greatly reduces the error rate of traders and investors and often prevents them from moving towards complicated international legal problems and lawsuits.
Services of international trade lawyers
Advocacy and leadership of claims in international trade have many substantive and formal differences from advocacy in the domestic arena. An international lawyer must have information, experience, and knowledge in important fields that are not related to the country’s domestic law and need to follow a separate path. Some of the most important duties of international trade law consultants and lawyers are:
1. Drafting international contracts between partners based on the laws and regulations of each country, which are different from similar examples in other countries; and trying to prepare a contract with the lowest risk, taking into account the various aspects and effects of the contract.
2. Settlement of international commercial claims in the judicial authorities of the countries and arbitration tribunals that were considered when the contract was drawn up and was specified as the dispute resolution authority in the contract.
3. The ability to participate and play a role in international arbitration tribunals to resolve legal disputes of various companies from different countries, which requires a very high mastery of various technical and legal aspects of the subject.
ESK International Law Firm provides practical and professional advice to clients in the field of international trade, using its expert members. So far, this legal office has provided professional advice to transport operators, capital owners, traders, exporters and importers, and financiers from different countries so that their activities become easier and develop more than before.