Providing a constitution
for public international law, the United Nations was conceived during
World War IIIn a global economy, law is globalising too. International
law can refer to three things, public international law, private
international law or conflict of laws and the law of supranational
organizations.
Public international law concerns the relationships between sovereign
nations. The United Nations, founded under the UN Charter and
the Universal Declaration of Human Rights is the most important
international organisation. It was established after the failure
of the Versailles Treaty and World War II. Other international
agreements, like the Geneva Conventions on the conduct of war
and international bodies such as the International Labour Organisation,
the World Trade Organisation, or the International Monetary Fund
also form a growing part of public international law.
Conflict of Laws (or private international law in civil law jurisdictions)
concerns which jurisdiction a legal dispute between private parties
should be heard and which jurisdiction's law should be applied.
Today businesses are increasingly capable of shifting capital
and labour supply chains across borders, as well as trading with
overseas businesses. This increases the number of disputes outside
a unified legal framework and the enforceability of standard practices.
Increasing numbers of businesses opt for commercial arbitration
under the New York Convention 1958.
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