CRITICAL EXAMINATION OF PARTIES’ CHOICE OF LAW

This article examines the second most important feature of the principle of autonomy of will, which is the choice of the law of the parties. The article explores and discusses the issues of choice of law by the parties within the framework of their contractual relations. Disputes arising from the contractual relationship of the parties will be resolved on the basis of the law or laws of which country and its meaning will be explained with the help of examples. It is known that the right of the parties to choose the law on the basis of a contract is recognized in the countries of the European Union, the USA and countries that adhere to the Roman law system, and the parties can choose the law on the basis of a contract within a contract. This article discusses the issues of choice of law by the parties on the basis of an agreement and, mainly, issues of the specifics of the choice of law applied to their relations when their choice is not clearly expressed by the parties in the agreement or when the law is not chosen by the parties.

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