International Law for Sale: The International Chamber of Commerce Approves the UCP 600
Here’s one international law development that did not appear in the headlines (are you surprised?). On October 25, 2006, the International Chamber of Commerce’s (ICC) Commission on Banking Practice and Technique (Banking Commission) voted unanimously to approve the UCP (Uniform Customs and Practices) 600, punctuating a 3 ½ year effort to revise the universally followed “rules of the road”...