Data
- Date:
- 00-00-2009
- Country:
- Arbitral Award
- Number:
- Unknown
- Court:
- Permanent Court of Arbitration
- Parties:
- Unknown
Keywords
LONG-TERM CONTRACTS - LICENSING AGREEMENT - BETWEEN EUROPEAN COMPANY AND INTERNATIONAL GOVERNMENTAL ORGANISATION – PARTIES’ EXPRESS CHOICE OF UNIDROIT PRINCIPLES AS THE LAW GOVERNING THE CONTRACT
FORMATION OF CONTRACTS – REFERENCE TO ARTICLES 2.1.1., 2.1.2., 2.1.3., AND 2.1.6 UNIDROIT PRINCIPLES
Abstract
In a licensing agreement entered into by a European company and an international governmental organisation, the parties expressly chose the UNIDROIT Principles as the law governing the contract. As to the merits of the case, the Arbitral Tribunal applied Articles 2.1.1., 2.1.2., 2.1.3. and 2.1.6 of the UNIDROIT Principles.
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