Economic Sanctions in EU Private International Law - (Studies in Private International Law) by Tamás Szabados (Hardcover)

About the Book

"Economic sanctions are an instrument of foreign policy. They may, however, affect the legal - first of all contractual - relations between private parties. In such a case, the court or arbitration tribunal seized has to decide whether to give effect or not to the economic sanction. It is private international law that functions as a 'filter' and transmits economic sanctions having a public law origin to the realm of private law. The aim of this book is to examine how private international law rules can influence the enforcement of economic sanctions and the related foreign policy objectives. A coherent EU foreign policy position as well as legal certainty and predictability would suppose a uniform approach not only concerning the economic sanctions of the EU, but also with regard to the restrictive measures imposed by third countries. However, if we examine in detail the application of economic sanctions by the courts of the Member States and arbitral tribunals, we find a somewhat different picture. It will become obvious that one of the reasons for this is the divergence of the private international law approaches in the Member States"--

Book Synopsis

Economic sanctions are instruments of foreign policy. However, they can also affect legal relations between private parties - principally in contract. In such cases, the court or arbitration tribunal seized must decide whether to give effect to the economic sanction in question.

Private international law functions as a 'filter', transmitting economic sanctions that originate in public law to the realm of private law. The aim of this book is to examine how private international law rules can influence the enforcement of economic sanctions and their related foreign policy objectives.

A coherent EU foreign policy position - in addition to promoting legal certainty and predictability - would presuppose a uniform approach not only concerning the economic sanctions of the EU, but also with regard to the restrictive measures imposed by third countries. However, if we examine in detail the application of economic sanctions by Member States' courts and arbitral tribunals, we find a somewhat different picture. This book argues that this can be explained in part by the divergence of private international law approaches in the Member States.

About the Author

Tamás Szabados is Associate Professor at ELTE Eötvös Loránd University, Budapest.