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transnational law transnational law (lex mercatoria or international business law) and "No repudiation of contractual consent by state party" 2020-05-25 13:38:56

No. IV.2.3 - No repudiation of contractual consent by state party

A state or state controlled entity may not invoke its sovereignty or internal law to repudiate contractual consent.

This rule is a special case of the Principles of sanctity of contracts ("pacta sunt servanda") and good faith.

Please cite as: "Commentary to Trans-Lex Principle , "
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