The Main Characteristics of the Hague Principles

Abstract

The article considers legal issues of the Hague Principles on the choice of law in international commercial contracts. The experience of approving the Hague Principles is unique in the long-term practice of the Hague Conference on Private International Law in connection with the fact that for the first time it approved an international instrument in the form of a set of advisory rules. Regulation of international commercial relations by the non-state instruments is frequently implemented nowadays. The article determines the criteria for the non-governmental instruments as the basis for their recognition as a control for cross-border relations.