Paraguay Promulgates the Law based on the Draft Hague Principles on Choice of Law in International Commercial Contracts
On 15 January 2015, Paraguay promulgated Law No 5393 on the Law Applicable to International Contracts (Law), which implements the Draft Hague Principles on Choice of Law in International Commercial Contracts (Draft Principles) (a newsflash published on the official Paraguay Government website is available here in Spanish). In line with the Draft Principles, this Law accepts party autonomy for...
Paraguay Approves Implementing Legislation based on the Draft Hague Principles on Choice of Law in International Commercial Contracts
On 17 December 2014, after approval by the Senate, the Paraguayan National Congress passed a law regarding the Applicable Law to International Contracts, which implements the Draft Hague Principles on Choice of Law in International Commercial Contracts (Draft Principles). This legislation is now before the Paraguayan Executive Branch for promulgation. With the entry into force of this...
Paraguayan draft legislation implementing Draft Hague Principles on Choice of Law in International Contracts
On 7 May 2013, Senator Hugo Esteban Estigarribia Gutiérrez presented to Don Alfredo Luis Jaeggli, President of the Chamber of Senators of the Paraguayan Congress (Congreso de la República de Paraguay), draft legislation to implement the Draft Hague Principles on Choice of Law in International Contracts. Pursuant to article 203 of the Constitution of Paraguay of 1992, the...
Conclusion of the first meeting of the Special Commission on Choice of Law in International Contracts
On 16 November 2012, experts from 59 States, the European Union, and a number of international and non-governmental organisations concluded the first meeting of the Special Commission on Choice of Law in International Contracts by unanimously agreeing to recommend that the Hague Conference on Private International Law finalise the draft Hague Principles on the Choice of Law in International...