The nature of the obligations of G20 in the balance of sources of international law with emphasis on modern financial markets

Abedini Saadabad, Farhad; Zamani, Sayyed Ghasem

doi:10.22059/jplsq.2024.364119.3375

Articles in Press

Document Type : Article

Authors

¹ Ph.D. Student in International Law at Faculty of Law and Political Science, Allameh Tabataba’i University, Tehran, Iran

² Professor at Faculty of Law and Political Science, Allameh Tabataba’i University, Tehran, Iran.

https://doi.org/10.22059/jplsq.2024.364119.3375

Abstract

In recent years, G20 has emerged as a relatively new, yet influential actor on the world stage which brings together the leaders of the twenty systemically most important economies. Its informality and flexible character warrant the use of the term ‘Informal International Lawmaking. ‘Informal International Lawmaking’ (or “IN-LAW”) comprises networks of global cooperation that are distinct from ‘traditional’ international law as they display fewer formal characteristics; the actors are not necessarily diplomats or heads of state, the process is not necessarily structured by formal proceedings and the output is not (always) an internationally binding legal instrument. Implementation is underway. But how binding are the commitments? Are they any more than soft law? Are the commitments enforceable in their own right? Can they be enforced through other existing obligations or structures? This Article sets out a framework for analyzing G20 commitments under international law, namely, as unilateral declarations, customary international law, or interfacing with general principles of law including reciprocity and estoppel.

Keywords

Main Subjects

Public International Law

References

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Public Law Studies Quarterly

The nature of the obligations of G20 in the balance of sources of international law with emphasis on modern financial markets

References

References

Articles in Press, Accepted Manuscript
Available Online from 22 May 2026

The nature of the obligations of G20 in the balance of sources of international law with emphasis on modern financial markets

References

References

Articles in Press, Accepted Manuscript Available Online from 22 May 2026

Articles in Press, Accepted Manuscript
Available Online from 22 May 2026