The Concerns of Nation-State Sovereignty and International Commercial Law: A Path to Harmonisation

The current body of literature on international business and commercial laws demonstrates the inherent conflict between the legal system and the sovereignty of nation-states. The phenomenon of globalization has amplified the influence of non-state actors, regional organizations, and free trade agree...

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Main Authors: Tran Vang-Phu, Duong Anh Son
Format: Article
Language:English
Published: UIN Sunan Gunung Djati Bandung 2024-04-01
Series:Khazanah Hukum
Subjects:
Online Access:https://journal.uinsgd.ac.id/index.php/kh/article/view/33809
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author Tran Vang-Phu
Duong Anh Son
author_facet Tran Vang-Phu
Duong Anh Son
author_sort Tran Vang-Phu
collection DOAJ
description The current body of literature on international business and commercial laws demonstrates the inherent conflict between the legal system and the sovereignty of nation-states. The phenomenon of globalization has amplified the influence of non-state actors, regional organizations, and free trade agreements, resulting in a significant demand for international arbitration. The incorporation of international commercial laws into the current standard is increasingly prevalent, as nation-states discover the benefits of adhering to such laws. Conversely, the concept of national sovereignty, which exerted significant influence in recent years, appears to be facing substantial challenges due to the emerging trends in an increasingly interconnected globalized world. Nevertheless, the nation-state and its sovereignty maintain a significant impact on the dynamics of power and trade between different nation-states. This study undertakes an examination of the substantial discord between principles of international commercial law and the sovereignty attributed to nation-states, with specific attention directed towards the prospects of achieving harmonization. Moreover, it delves into the intricacies and challenges inherent in the pursuit of harmonization within this specific domain.
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publisher UIN Sunan Gunung Djati Bandung
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spelling doaj-art-9f4e06324ffa46519a423b7b1556cc8e2025-08-20T02:54:40ZengUIN Sunan Gunung Djati BandungKhazanah Hukum2715-96982024-04-0161344510.15575/kh.v6i1.338098884The Concerns of Nation-State Sovereignty and International Commercial Law: A Path to HarmonisationTran Vang-Phu0Duong Anh Son1Can Tho University, VietnamUniversity of Economics and Finance, VietnamThe current body of literature on international business and commercial laws demonstrates the inherent conflict between the legal system and the sovereignty of nation-states. The phenomenon of globalization has amplified the influence of non-state actors, regional organizations, and free trade agreements, resulting in a significant demand for international arbitration. The incorporation of international commercial laws into the current standard is increasingly prevalent, as nation-states discover the benefits of adhering to such laws. Conversely, the concept of national sovereignty, which exerted significant influence in recent years, appears to be facing substantial challenges due to the emerging trends in an increasingly interconnected globalized world. Nevertheless, the nation-state and its sovereignty maintain a significant impact on the dynamics of power and trade between different nation-states. This study undertakes an examination of the substantial discord between principles of international commercial law and the sovereignty attributed to nation-states, with specific attention directed towards the prospects of achieving harmonization. Moreover, it delves into the intricacies and challenges inherent in the pursuit of harmonization within this specific domain.https://journal.uinsgd.ac.id/index.php/kh/article/view/33809commercial law, globalization, harmonization, international commerce, nation-state, sovereignty.
spellingShingle Tran Vang-Phu
Duong Anh Son
The Concerns of Nation-State Sovereignty and International Commercial Law: A Path to Harmonisation
Khazanah Hukum
commercial law, globalization, harmonization, international commerce, nation-state, sovereignty.
title The Concerns of Nation-State Sovereignty and International Commercial Law: A Path to Harmonisation
title_full The Concerns of Nation-State Sovereignty and International Commercial Law: A Path to Harmonisation
title_fullStr The Concerns of Nation-State Sovereignty and International Commercial Law: A Path to Harmonisation
title_full_unstemmed The Concerns of Nation-State Sovereignty and International Commercial Law: A Path to Harmonisation
title_short The Concerns of Nation-State Sovereignty and International Commercial Law: A Path to Harmonisation
title_sort concerns of nation state sovereignty and international commercial law a path to harmonisation
topic commercial law, globalization, harmonization, international commerce, nation-state, sovereignty.
url https://journal.uinsgd.ac.id/index.php/kh/article/view/33809
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