Governing Law Risks in International Business Transactions

This book describes the key advantages and risks involved in the choice of law governing international business and financial transactions, plus the accompanying choice of courts. Beginning with an analysis of the role of law in social infrastructure, the work outlines the economic value and power of governing law. It concentrates predominantly on financial, corporate, commercial, and insolvency law across a vast comparative basis, discussing how legal risk can be reduced through careful choice of law and courts.

In Governing Law Risks in International Business Transactions, Philip R. Wood proposes 70 key indicators to rank the England, New York, France, and German legal systems plus many other jurisdictions on 13 risk tests. These include contract predictability, business orientation, freedom of contract, insolvency regimes, corporate law, regulatory law, courts, litigation, and other factors. The book considers all 320 jurisdictions of the world and shows how to understand them by locating them in eight families of law, each with their own features. The book explains not only choice of law principles but sets out the factors to consider the commercial and legal implications of choosing one law over another in business contracts, and is an essential resource for all commercial lawyers.

Author: Philip R. Wood
Publisher: Oxford University Press
Published: 03/16/2023
Pages: 368
Binding Type: Hardcover
Weight: 1.74lbs
Size: 9.76h x 6.99w x 0.97d
ISBN: 9780192888648

About the Author
Philip R. Wood, Former Partner and Head of the Global Intelligence Unit, Allen & Overy,

Philip R. Wood is a world-renowned academic scholar, and former Head of the Global Intelligence Unit at Allen & Overy, where he was formerly a partner and Head of Banking. He has been Visiting Professor at the University of Oxford, at Queen Mary, University of London, and was a Yorke Distinguished Visiting Fellow at the University of Cambridge. Philip is an established lecturer and author of books in the field of cross-border financial law, known most notably for his nine-volume series The Law and Practice of International Finance (Sweet & Maxwell).