Contract Law in Contemporary International Commerce: Considerations on the Complex Relationship between Legal Process and Market Process in the New Era of Globalisation by Gianluigo Passarelli [Nomos, Baden-Baden, 2019, 207pp, ISBN 978-3-8487-6038-1, £56.36 (p/bk)]. In Shakespeare’s play The Merchant of Venice, Shylock, a Jewish moneylender, is an alien in the Venetian Christian community. He reaches an agreement with the merchant, Antonio, to lend his friend three thousand ducats and be repaid within three months. In case of default, the bond grants Shylock a legal claim for one pound of Antonio’s flesh. The backdrop for this aberrant covenant is the great disdain Shylock and Antonio hold towards each other, their different religious backgrounds, the deep loathing each one possesses for the other, and their lack of mutual trust. Eventually, the loan is not reimbursed, and Shylock ends up pleading its effectuation. He passionately appeals for a strict enforcement of the bond, but later on he is disheartened …
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Nahel Asfour, Contract Law in Contemporary International Commerce: Considerations on the Complex Relationship between Legal Process and Market Process in the New Era of Globalisation by Gianluigi Passarelli, International and Comparative Law Quarterly Volume 70 Issue 1. Published online by Cambridge University Press: 8 January 2021.
First posted 2021-01-11 10:46:04
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