Articles

Nowadays, parties from different jurisdictions are involved in many international transactions. The amount of such transactions is rapidly growing. Some parties hire lawyers and consultants at the initial stages of their pre-contractual negotiations and drafting contracts, while others prefer to rely on their own experience and knowledge and, thus, temporarily save a portion of money as they believe so. However, such behaviour to economy funds might cause to future considerable costs and, even worse, losses, because those parties did not conduct a due diligence of the deal properly.