Abstract
The significance of the soft-law instruments codifying trade practices and “rules of law” in harmonizing trade laws cannot be overemphasized. Where a high degree of harmonization is not considered desirable or where it cannot be achieved, harmonization through codification of trade practices and restatements of laws has commonly been resorted to by the international community. Therefore, in this Chapter we will turn our attention to a couple of the most important international restatements of law aimed at harmonizing trade laws, namely the UNIDROIT Principles of International Commercial Contracts (UNIDROIT Principles) and the 2015 Hague Principles on the Choice of Law in International Commercial Contracts (the Hague Principles). These instruments set forth the general principles of international commercial contract law and the general principles about choice of law in international commercial contracts, respectively.
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