I am an international commercial lawyer. My main research’s interest is on understanding the interplay between social norms and legal rules in the context of transnational commercial transactions. My particular interest lies in the transition of transnational trade transactions and documents from traditional paper based to digital format. I aim to analyse the impact of this transition on social norms and legal rules pertaining such transactions, to evaluate the trustworthiness and the efficacy of transition. My evaluation may help the design of digital platforms that supports the functionality of social norms underlying trade documents to enable an effective transition from paper to digital format. It may also help the change of legal policies to address trustworthiness challenges, such as introducing licencing system for providers of peer-to-peer trading virtually.
By transnational commercial transactions I mean those commercial transactions that: (1) involve parties who are domiciled in different countries and (2) are supported by trade norms between business communities (the members of which are individuals or private institutions) across borders.
An example of this is bills of lading. In a carriage of goods by sea, the carrier issuing the bill of lading represents that the described goods have been received and shipped on-board for immediate carriage. Bills of lading gained recognition and enforcement in the international business community through trade usages, establishing that the sea carrier should only deliver goods to the holder of the bill of lading (exchanging goods for the original copy of the bill). This functionality as a document of title transfers possession rights by surrendering the original copy, allowing for finance raising via pledge. Bills of lading emerged in the international business community and, for many years, were enforced through trade usages (norms), often with passive sanctions such as boycotts against norm-defectors. They were subsequently recognised and enforced by conventions and national laws. Their functions are enforced concurrently by national laws and trade usages. My research identified essential elements of the social structure of bills of lading that enable these norms: (A) forming cooperative groups, (B) features for norm production and maintenance (e.g., reciprocal informal powers, gossip networks, social roles ensuring noticeability of norm-defectors), and (C) the dynamic interplay of practice and law.
I argued that these elements are crucial in designing a digital platform for a successful transition from paper to electronic bills of lading, as it is essential to enabling the enforceability of trade usages on digital platforms. I proposed a conceptual design of a suitable available technology (i.e. Hybrid of Permissioned and Permissionless Distributed Ledger Technology) to facilitate the functionality of the above essential elements in light of obstacles in some national laws and regulations.
I have published on the following areas:
- Documentary letters of credit
- The legal aspects of Blockchain technology
- Technology and Sociological perspectives of trade norms (applied to electronic bills of lading)
- International Sale of Goods and Sharia Law
- The nature and role of Transnational Commercial Law (Law of Merchants, Trade Usage and self-regulatory rules such as the UCP)
- Methodology of Empirical Study in Commercial Law
- Comparative legal studies in contract law and commercial law