incl. ref.

This classic work lays out both the theoretical framework of commercial law and the application of fundamental principles to typical business and financial transactions, explaining complex ideas with great clarity. With its unique combination of theory and practice, it is widely acclaimed by practising lawyers in many countries, and by law teachers and students, and it has been extensively cited in judicial decisions, from the House of Lords downwards. This new edition has been completely revised and expanded to bring the work completely up to date, both in its treatment of the law and in its description of practice and documents. Its treatment of international commercial transactions takes account of a number of important new commercial law conventions. In addition, the chapters on international commercial arbitration and litigation have been rewritten to reflect major recent developments, including the Arbitration Act 1996 and the Civil Procedure Rules.