Question: Explain the main characteristics and differences between the following business forms: Scope and Significance of Rome I and Rome II Regulations in International Commercial Arbitration

Explain the main characteristics and differences between the following business forms:

Scope and Significance of Rome I and Rome II Regulations in International Commercial Arbitration

e.g. Scope of Application; Binding effect?; Choice of Law; Different types of Contracts; interrelation of Rome I and CISG Convention.

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