Quiz 31: International Law in a Global Economy

Business

The principle of comity states that the jurisdiction of one nation defers to and gives effect to the foreign nation's laws and judicial decrees. Thus, if the U.S. court confirms that the laws and decisions of Ecuadoran court are consistent with its national law and public policy, U.S. would defer to foreign laws and judicial decrees.

The principle of comity states that the jurisdiction of one nation defers to and gives effect to the foreign nation's laws and judicial decrees. Nations apply the principle of comity primarily to express courtesy and respect towards other nations' law and order. States honor each other's contracts, wills, deeds, and other legal obligations. Similarly, nations also attempt to honor the judicial decisions rendered in foreign nations when it is consistent with their national law and public policy.

International principle: In recent times number of doctrines and principles have been emanated and utilized by the court of different countries in order to reduce or avoid the conflicts that includes foreign elements. Principle of comity: The principle of comity state that as long as the laws and decrees of one country is in consistency with public law of one accommodating country, the respective country will be different and will have impact on the laws and decrees of other country. In simple words it can be understood as the principle that can be extended to the other countries or to the jurisdiction of same country. The principle is utilized by the court in order to balance the interest of both the parties and to respect the laws of every nation.

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