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Law Merchant

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The system of rules and customs and usages generally recognized and adopted by traders as the law for the regulation of their commercial transactions and the resolution of their controversies.

The law merchant is codified in the Uniform Commercial Code (UCC), a body of law, which has been adopted by the states, that governs mercantile transactions.
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He follows the arbitral chain (a metaphor for the linkage of one arbitral age with those subsequent) for the West through the Greeks, the Romans, the Law Merchants, the English, and the Americans and for the Chinese through the imperial, republican, and communist eras.
Western and Chinese arbitration; the arbitral chain by Reference & Research Book News
Initial development of law merchant was left largely, though not entirely, to the merchant themselves, who organized international fairs and markets, formed mercantile courts, and established mercantile offices in the new urban communities that were springing up throughout western Europe.
Lex sportiva and Lex Mercatoria by Kolev, Boris / The International Sports Law Journal
This legal tradition included the voluntary Law Merchant and the codes of the free cities.
The Hanseatic League and freedom of trade by Liggio, Leonard P. / Journal of Private Enterprise
 
 
 
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