Choice of law

A contractual provision, particularly common in global engagements, which specifies which (supervisory) law is to govern the agreed transaction. – In particular, also a provision on which law should govern in the case of a conflict (legal dispute, lawsuit). – See legal opinion, legal risks, legal dispute, term sheet.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/