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Lex Mercatoria—The Debate as it Currently Stands

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0002
Subject:
Law, Company and Commercial Law, Private International Law

This chapter provides an overview of the lex mercatoria debate and argues that the discourse suffers from deficiencies. First, there is an overwhelming advocatory style amongst commentators to the ... More


The Existing Accounts of the Lex Mercatoria

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0003
Subject:
Law, Company and Commercial Law, Private International Law

This chapter evaluates the key accounts of the lex mercatoria to select the most promising concept. Clive Schmitthoff adopted a wide view of the lex mercatoria and included all written measures, ... More


The Lex Mercatoria as a Legal System

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0008
Subject:
Law, Company and Commercial Law, Private International Law

This chapter examines the lex mercatoria as an autonomous a-national ‘legal system’. It tests a-national law against Hart’s concept of law and explores secondary rules within the lex mercatoria. The ... More


Conflicts Recognition of the Lex Mercatoria: The Status Quo

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0009
Subject:
Law, Company and Commercial Law, Private International Law

This chapter examines the lex mercatoria as the governing law in arbitration and evaluates the status quo by reviewing arbitral awards. It discusses the development of the conflict of laws in ... More


Islands of Transnational Governance

Alec Stone Sweet

in On Law, Politics, and Judicialization

Published in print:
2002
Published Online:
November 2003
ISBN:
9780199256488
eISBN:
9780191600234
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199256489.003.0010
Subject:
Political Science, Comparative Politics

The two papers in Ch. 5 examine how lawyers and law professors, operating in private arenas, successfully revived a pre-modern legal system, the Lex Mercatoria – the international body of trade law ... More


Globalization of Freedom of Contract

Martin Shapiro

in On Law, Politics, and Judicialization

Published in print:
2002
Published Online:
November 2003
ISBN:
9780199256488
eISBN:
9780191600234
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199256489.003.0009
Subject:
Political Science, Comparative Politics

The two papers in Ch. 5 examine how lawyers and law professors, operating in private arenas, successfully revived a pre-modern legal system, the Lex Mercatoria – the international body of trade law ... More


Choice of the Proper law

Hong-Lin Yu

in Commercial Arbitration

Published in print:
2011
Published Online:
September 2015
ISBN:
9781845861070
eISBN:
9781474406154
Item type:
chapter
Publisher:
Edinburgh University Press
DOI:
10.3366/edinburgh/9781845861070.003.0009
Subject:
Law, Company and Commercial Law

This chapter explains the importance of proper law in arbitration, especially in ensuring a speedy resolution of the dispute. It first considers the importance of proper law from three aspects: the ... More


Why Think in Terms of Legal Systems

Thomas Schultz

in Transnational Legality: Stateless Law and International Arbitration

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199641956
eISBN:
9780191747793
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199641956.003.0007
Subject:
Law, Public International Law, Philosophy of Law

This chapter explores the relationships between the concept of a legal system and non-state law. It considers the question why the former (the concept of a legal system) is useful and even necessary ... More


Framework for an Analytical Account—Clarifying Terminology

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0004
Subject:
Law, Company and Commercial Law, Private International Law

This chapter makes terminological clarifications to develop the framework for the proposed account of the lex mercatoria. It argues that the ‘international business community’ should be perceived as ... More


Justice and the Trading Order

Garrett Barden and Tim Murphy

in Law and Justice in Community

Published in print:
2010
Published Online:
January 2011
ISBN:
9780199592685
eISBN:
9780191595653
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199592685.003.0005
Subject:
Law, Philosophy of Law

Reciprocal justice — justice in exchange — is the justice proper to the trading order in which people make their livelihoods in a market society. This chapter concentrates on the analysis of that ... More


Conflicts Recognition of the Lex Mercatoria: The Proposed Model

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0010
Subject:
Law, Company and Commercial Law, Private International Law

This chapter makes proposals to increase the predictability of choosing the lex mercatoria as the governing law by relying on the proposed theoretical model. It argues that ‘voie directe’ is not the ... More


Substantive Recognition of the Lex Mercatoria

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0011
Subject:
Law, Company and Commercial Law, Private International Law

This chapter discusses the method of establishing a lex mercatoria rule in practice. The analysis is relevant in arbitration where the lex mercatoria applies and in court proceedings where trade ... More


Introduction

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0001
Subject:
Law, Company and Commercial Law, Private International Law

The Introduction describes the stages of the analysis and the methodology adopted in the book. It argues that the lex mercatoria debate is currently incoherent because proponents suggest that the lex ... More


A Rule of the Lex Mercatoria—Opening the Debate to Public International Law

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0006
Subject:
Law, Company and Commercial Law, Private International Law

This chapter opens up the lex mercatoria debate to public international law to remedy the isolation of the discourse. It analyses a ‘rule’ of the lex mercatoria by focusing on the latter of its two ... More


What Could the Selection by the Parties of English Law in a Civil Law Contract in Commerce and Finance Truly Mean?

Jan Dalhuisen

in Tom Bingham and the Transformation of the Law: A Liber Amicorum

Published in print:
2009
Published Online:
September 2009
ISBN:
9780199566181
eISBN:
9780191705458
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199566181.003.0039
Subject:
Law, Legal History

This chapter deals with what the choice of English law as the applicable law may mean in a contract drawn up in the civil law tradition between parties from civil law countries. It discusses the ... More


European Contract Law and Multi-Level Europe

Lucinda Miller

in The Emergence of EU Contract Law: Exploring Europeanization

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199606627
eISBN:
9780191731716
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199606627.003.0005
Subject:
Law, EU Law

This chapter highlights the multi-level architecture in which contract law operates in Europe and makes a plea for this governance structure to be taken far from seriously in the design of European ... More


Flipping Wreck: Lex Mercatoria on the Shoals of Ius Cogens

Hugh Collins

in Contract Governance: Dimensions in Law and Interdisciplinary Research

Published in print:
2015
Published Online:
September 2015
ISBN:
9780198723202
eISBN:
9780191790294
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198723202.003.0023
Subject:
Law, Company and Commercial Law, Comparative Law

Using an example drawn from international financial contracts and their interpretation in the light of national insolvency laws, this chapter examines the idea of privately created transnational ... More


Conclusion

Orsolya Toth

in The Lex Mercatoria in Theory and Practice

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.003.0012
Subject:
Law, Company and Commercial Law, Private International Law

The conclusion summarizes the challenges of developing an analytical account of the lex mercatoria and indicates areas where further debate may be expected in the future. The aim of the book was to ... More


Norms Arising from the Values Shared by International Commercial Arbitrators

Joshua Karton

in The Culture of International Arbitration and The Evolution of Contract Law

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199658008
eISBN:
9780191757914
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199658008.003.0004
Subject:
Law, Private International Law

This chapter describes aspects of international arbitration culture that arise from the values shared by international arbitrators. It identifies four categories of social norms that correspond to ... More


The Lex Mercatoria in Theory and Practice

Orsolya Toth

Published in print:
2017
Published Online:
March 2017
ISBN:
9780199685721
eISBN:
9780191765711
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199685721.001.0001
Subject:
Law, Company and Commercial Law, Private International Law

The book engages in the debate about the so-called ‘lex mercatoria’ by offering a theoretically justified and pragmatic account. It tests the proposition that the lex mercatoria is a universal, ... More


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