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.