The situation, which is not uncommon in global transactions, in which different legal systems lead to different legal assessments of a transaction on the financial market (that two or more sets of laws that appropriately apply to a particular transaction require different results). In order to exclude legal risks arising in this way, contracts require the prior agreement of the partners with regard to the choice of law. – See Legal Opinion, Choice of Law, Legal Risks.
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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/