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In no other branch of international trade have the efforts at unification of law been more successful than in that of letters of credit.
Generally, one assumes that the strength of the functional method lies in its emphasis on similarities, its aspirations towards evaluation and unification of law.
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Further development of international commercial arbitration has been encouraged by the UN Commission on International Trade Law, which aims at promoting the harmonization and unification of laws in the field of international commercial arbitration.
And it is indeed abduction that makes scientific and technological thought progress, conveyed forward on the one hand by the progressive incorporation of new, unsuspected facts that therefore stimulate the invention of new hypotheses able to explain them and, on the other, by an axiomatic unification of laws, implemented by what are called the great simple ideas.
However important a step Slade's Case was towards the unification of contract law, the process was not complete.
The second convention was the 1995 UNIDROIT International Institutee for the Unification of Private Law) Convention on Stolen or Illegally Exported Cultural Objects.
In view of the great volume of international trade, attempts at unification of sales law have been undertaken for many years.
As J. H. Baker has observed, Slade's Case, decided in 1604, marked "the final stage in the unification of the law of contract through the action of assumpsit". But this does not mean that the modern concept of contract with all its constituent elements had arrived.
Einstein never made his peace with quantum weirdness, but modern science has accepted it as a basic aspect of reality and of modern technology, and modern physicists, Einstein's children, have made it their quest to combine general relativity with quantum theory in a unification of all laws, which was Einstein's dream for the last 30 years of his life.
The EPC has played a very important role in the recent developments of European intellectual property law and has been an important step towards the harmonization and unification of European patent law.
While the first edition also investigated the desirability of a unified European body private law, the editors of this second edition asked the contributors to assume that, given the trend towards unification of European private law, a codification is both desirable as such and constitutional within the realm of the European Union.
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