Some Aspects of Conflicts’ Regulation of Contractual Commitments in the International Private Law of Georgia

Abstract

Legal regulations, adjusting contractual commitments, play a significant role in the International Private Law (further IPL). They regulate quite a broad sphere of civil and legal relations, complicated by a foreign element (factor). To take into consideration the significance of present international legal acts, regulating various spheres of external economic relations, it should be noted, that a certain number of issues remain out of the field of International contracts regulation. So they have to be adjusted by the rules of the domestic law, which are established by means of conflict norm. The problem of the selection the law, applicable for this or another private legal relation, complicated by the foreign element, is the fundamental problem for the International Private Law. This issue is particularly vital for countries, which, having gained their independence at the end of the past century and have entered into International relations, while in process of their own legal system build up.
The article represents the analysis of the mechanism of the private law regulations of contractual commitments in the national legislation of Georgia.