Given the pattern of accelerating world financial integration, many regional agreements—especially the African Union—seek to follow a similar mannequin. In the EU, sovereign nations have gathered their authority in a system of courts and the European Parliament. These establishments are allowed the flexibility to enforce authorized norms each in opposition to or for member states and residents in a way which isn’t attainable via public worldwide law. As the European Court of Justice noted in its 1963 Van Gend en Loos determination, European Union law constitutes “a model new legal order of international law” for the mutual social and financial benefit of the member states.
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When contracts are invalidated for some cause (e.g. a car buyer is so drunk that he lacks legal capability to contract) the contractual obligation to pay could be invalidated separately from the proprietary title of the car. Unjust enrichment law, somewhat than …