Lex mercatoria


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LEX MERCATORIA. That system of laws which is adopted by all commercial nations, and which, therefore, constitutes a part of the law of the land. Vide Law Merchant.

References in periodicals archive ?
La razon es que, en muchas ocasiones, la cuestion litigiosa vendra resuelta mediante la interpretacion del contrato, o en atencion a un instrumento de la lex mercatoria al que se remiten las partes.
De presentarse, podria la costumbre mercantil y con ella la nueva lex mercatoria prevalecer sobre el ordenamiento constitucional interno de un pais?
Characterizing the lex mercatoria as "private law," then, has particular connotations and consequences for its overall situation in a legal-regulatory context.
We shall deal with the role of international organizations, international arbitration and lex mercatoria.
5) The application of modern market-driven CSR norms, as well as the respective natures of lex mercatoria and CSR norms more broadly, makes it unlikely that this optimistic phenomenon will materialize.
Las colisiones derivadas de ello son de varios tipos, por ejemplo: a) una decision arbitral apoyada en criterios de lex mercatoria puede no ser reconocida como derecho positivo por tribunales domesticos; b) en tribunales domesticos el arbitro puede ser recusado por una de las partes; c) el tribunal arbitral puede determinar su competencia en base a la lex mercatoria, mientras que los tribunales nacionales estan obligados recurrir al derecho nacional; d) la parte de un juicio arbitral puede abusar del recurso a tribunales ordinarios para lograr, a traves de medidas cautelares y precautorias, intervenir en el desenlace del juicio arbitral (Mereminskaya 2003, 2006, 2007).
One of the best illustrations of modern-day lex mercatoria is Incoterms, a set of trade terms employed in international shipments of goods.
Similar to Pellerin's discussion of Lex Mercatoria, individuals are economic entities that operate in terms of market principles.
11) Ibid ("[t]hrough commercial arbitration, a new lex mercatoria has been shaped--one applicable to international commerce" at 112).
29) By the nineteenth century, however, whatever uniformity existed through the lex mercatoria (30) had given way to contract laws promulgated by nations.