India, Oct. 14 -- International law is no longer confined to regulating relations between states. Today, it also plays an increasingly important role in business and private law.

Globalization has made the world a smaller place. Trade is conducted across national borders and cross-border business relations are the rule rather than the exception. That being said, increasing globalization and internationalization also have legal consequences that must be borne in mind for both trade and relations governed by private law, e.g., trusts and estates law.

It is in light of internationalization that companies as well as individuals find themselves facing new challenges that necessitate obtaining expert legal advice. As an international commercial...