In, out, shake it all about - where are we on choice of law in Rome 1?

All businesses entering into international transactions should be aware of changes on the horizon affecting choice of law in contract. In today's global environment, choice of law in contract is relevant to the daily workings of most companies and plays an important part in many commercially drafted agreements. It is envisaged that changes introduced by Rome 1 will provide clarity over which law applies if a dispute arises over a contract made between businesses from different countries.

Tom Price, a director in Wragge & Co's International Support Group, guides you through some key aspects of Rome 1, its impact on choice of law and provides some action points to consider.