01.A Glossary of legal terms

01 International Business Law

  • Applicable law: The law of the state that governs a case.
  • Generative AI: AI that produces text, images or code from a prompt; chatbots such as Claude or ChatGPT.
  • Hallucination: A plausible-sounding but invented answer of a chatbot, including invented cases and sources.
  • Intergovernmental law: Agreements between states, bilateral or multilateral.
  • Jurisdiction: The power of a court to decide a case; the competent court.
  • Legal tech: The digitalisation of legal work; any digital tool applied to legal work.
  • Prompt: The instruction given to a chatbot.
  • Self-executing law: Intergovernmental rules that apply directly to companies and individuals without transposition into national law (otherwise: non-self-executing).
  • Soft law: Rules of private organisations, not enforced by state authorities but by the organisations themselves (self-regulation).
  • Uniform private law: Rules drafted by international organisations so that the same rules apply regardless of where the parties are based.

01 International Business Law