Abstract
In pursuing harmonisation in the field of international commercial trade law, it is of utmost importance to understand that it is constantly seeking for solutions and practice standards that will lead to legal certainty and predictable outcomes. This is due to the fact that the world is developing and evolving at exponential rates, that there is a need for international commercial law to keep up with the times. With the world changing and the arrival of Industry 4.0 introducing high end level technological advancements and enhanced globalisation, merchants, traders and businessmen cannot afford to be hindered and restrained on obsolete problems and obstacles, that still continue to exist in international commerce, as we enter a new digital era. It goes without saying that it is important to understand and fully respect fundamental values and principles that underlie the field of international commercial law and for this reason it is the duty and important responsibility for international commercial lawyers to set the precedent that give effect and life to these said values and principles. One such underlying fundamental value is the principle of party autonomy. Given the unique structure and nature of international trade law, that derived from the lex mercatoria, party autonomy seemed to offer the simple solution of ending the problematic and precarious obstacles found within the international trade market and its legal aspects too...
LL.M. (Commercial Law)