The principle that contracting parties should retain the power to agree in advance on the law that will govern their future contractual dispute has gained more ground during this 50 year period than in all previous years. This chapter focuses on the role of party autonomy in contract conflicts.
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It is now the dominant principle for contract conflicts endorsed by all but three codifications.
Parti auto nomi. In developmental psychology and moral political and bioethical philosophy autonomy is the capacity to make an informed uncoerced decision. Limitations on party autonomy. Wikipedia lexilogos oxford cambridge chambers harrap wordreference collins lexibase dictionaries merriam webster. The legislative history of the model law shows that. Search party autonomy and thousands of other words in english definition and synonym dictionary from reverso. You can complete the definition of party autonomy given by the english definition dictionary with other english dictionaries. It was also suggested that party autonomy with respect to post default rights and obligations of the parties might also need to be addressed in article 3 so as to have a comprehensive article addressing the principle of party autonomy early in the draft model law. In this blog post sayan mukherjee a student of the university of calcutta who is currently pursuing a diploma in entrepreneurship administration and business laws from nujs kolkata analyzes the importance of party autonomy in arbitration. Rome convention with its successor the rome i regulation appear to have no substantial changes at least as far as party autonomy is concerned. It is a principle that has been endorsed not only in national laws but by international arbitral institutions and organisations. The modern day society has embraced alternative dispute settlement system with both hands. Autonomy contrary to public order 1306. The limits of contractual the stipulation must not be law morals good customs and public policy see ncc art. Needless to say arbitration being based on agreement of the parties gives the latter possibility to determine the procedure of resolution of their case. Fagbemi abstract the increased preference for arbitration has buttressed the growing disenchantment for traditional adversary method of litigation.
Autonomy can also be defined from a human resources perspective where it denotes a relatively high level of discretion granted to an employee in his or her work. According to one of the classical books in international arbitration party autonomy is the guiding principle in determining the procedure. The principle of party autonomy and the choice of law by the parties is currently the principal features governing international conyracts. This basic principle of arbitration is known as party autonomy. The doctrine of party autonomy in international commercial arbitration. Autonomous organizations or institutions are independent or self governing. Party autonomy is the guiding principle in determining the procedure to be followed in an international commercial arbitration. Just like contractual autonomy party autonomy in the resolution of disputes is also not absolute.
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