This book is about the advantages and the risks involved in the choice of law governing an international contract or other transaction, plus the accompanying choice of courts, in the fields of wholesale (non-consumer) financial, corporate, commercial, and insolvency law—broadly business law—on a comparative basis. The book discusses how to reduce legal risk by choice of law and courts. It proposes about seventy key indicators to rank the four main jurisdictions of England, New York, France, and Germany, together with their families of law numbering about 320 jurisdictions in the world, on thirteen risk tests. These include contract predictability, business orientation, freedom of contract, insolvency regimes, corporate law, regulatory law, courts, litigation, and other factors.