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Principles of Asian Contract Law (PACL)

Principles of Asian Contract Law – PACL

In 2009, during an international Forum organized by the University of Tsinghua on the « Harmonization of European Private Law and its impact in East Asia », Professor Naoki Kanayama from Keio University in Japan proposed and introduced a paper on PACL to Chinese, Taiwanese and Korean professors. According to the political and diplomatic situation of the different countries in East Asia and South-East Asia (Japan, China, South Korea, Taiwan and ASEAN countries), this project is a private initiative for reaching consensus between these countries.