Originally Posted by
uncertaintraveler
If I can add-on to this comment, its worth noting that even in the international oil and gas sector (and probably in most international transactions, although I don't know for sure), agreements are drafted with the idea that if a dispute arises, it will be governed under US law (usually Texas or NY), because you most certainly you don't want to be litigating in Angola! So the idea of practicing "international law" may not be what you think it is.
Same hold true in aerospace. We push for CT law, with NY as a fallback. In worst case scenarios we will go to England and, in one case I recall, Singapore, but that requires very high level approval.
That said, we do arbitrate outside the United States. My colleague recently completed a two week arbitration hearing in Singapore as that is where the dispute resolution clause specified (even though the contract was governed by CT law).