At a time when global society is increasingly mobile and legal life is internationalized, the role of comparative law is gaining importance. While the growing interest in this field may well be attributed to the dramatic increase in international legal transactions, this empirical parameter accounts for only part of the explanation. The other part, and at least equally important, has to do with the expectation of gaining a deeper understanding of law as a social phenomenon and a fresh insight into the current state and future direction of one’s own legal system. Comparative law enables law students, lawyers and jurists to integrate their knowledge of law into a cultural panorama extending well beyond their own country and provides them with a much broader knowledge of the possible range of solutions to legal problems than familiarity with a single legal order would allow. It allows them to perceive the new features and trends of development in modern legal systems in connection with scientific-technical progress, integration processes and the growing role of transnational and international law. In this way, they can develop the standards and sharpen the analytical skills required to address the challenges they face in a rapidly changing world of unexpected connections. Comparatists unanimously agree that the legal experience accumulated by diverse nations constitutes an inexhaustible source from which one may derive great benefit when conducting any significant reforms of national legislation. It is thus unsurprising that today’s lawmakers resort with increasing frequency to a comparative analysis of the solutions found in foreign legal systems. Not only may legislators use comparative law to improve national law. On a smaller scale, judicial and arbitral practice also use comparative law data in addressing particular legal problems. Moreover, comparative law plays an important part in the process of international or transnational unification or harmonization of law.