Contracts and Non-State Law in Latin America

The author addresses the changes that have taken place in Latin America, which have led to the acceptance of non-state law, transnational principles and the acceptance of the jurisdiction of international tribunals. It emphasizes two particular aspects: first, the general trend, i.e., the fact that the applicability of non-state law to contracts is widely accepted in the region through a vast array of legal and conventional enactments, and second, the fact that, in general, the legal community in the area may not be fully or adequately aware of the powerful consequences of these regulatory developments.