International Agency Law Research

Author: Zheng Ziwen
Publisher:
Publish Date: 1998-10-01
Features: The agency system is an important legal institution for regulating the agency relationship among the principal, the agent, and the third party. Since the 20th century, due to the highly developed commodity economy and the advancement of science and technology in modern society, this system has undergone significant development and has emerged with some new situations and characteristics. On one hand, the agency relationship has broken through geographical boundaries and has permeated every corner of the world economy and trade, with the agency system playing an increasingly important role in international civil and commercial transactions. On the other hand, agency, especially entrusted agency, has become increasingly specialized, with the emergence of various forms such as credit guarantee agency and agency with special liability to third parties. In terms of legislation, the legal provisions on agency in various countries have become increasingly comprehensive, and some legislation has even shown a trend of specialization. Foreign legal works on agency are generally written based on their own national laws and practices; while the works and articles on agency in China focus on interpreting relevant provisions of China's "General Principles of Civil Law" and