International Private Law (IPL) is an area of law that plays an important role in cross-border (international) matters. This area of law determines, among other things, which international court is competent, which law is applicable, but also whether a foreign judgment is eligible for recognition and enforcement in the Netherlands and, of course, vice versa.
Concurrence of national legal systems
The purpose of IPL is to remedy the problems that arise when national legal systems overlap.
IPL therefore applies to all entrepreneurs doing business with and in foreign countries. It is there to determine which national law applies to international cooperation.
This may seem boring and unimportant, but it is certainly not – on the contrary!
Mapping IPL issues
Which law is applicable can make a big difference in terms of mandatory restrictions – or not. In order to do business successfully between the Netherlands and any country, it is of great importance that you have mapped out the IPL issues well in advance.
Cross-border (international) business specialist
The lawyers of ACG International are specialists in the field of cross-border (international) business and have extensive experience with international private law. This enables them to determine, without too much research, which law is applicable if you do not make any specific arrangements, which law is most advantageous for you in the transaction you wish to conclude and whether the Dutch court has jurisdiction if things go wrong. This differs per type of transaction and per country, but it can make a world of difference to you as an entrepreneur – to your advantage if you handle it well in advance and to your disadvantage if you do nothing about it.
The same applies to international trade relations: where business is done, disputes can arise.
Our tip for you is to have your agreement with a foreign party reviewed by a specialist before entering into a contract to avoid problems later on.
Therefore, please contact us before you sign the agreement in order to find out immediately what, if anything, needs to be changed.