# Conflict of laws

- Canonical URL: https://www.gerhardmerk.de/conflict-of-laws
- Post ID: 594134
- Modified: 2023-07-25T20:59:03+00:00
- Language: en

## Definition

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. 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/

## Machine-readable

- Generator: Merk Knowledge 2.0.0