Académique Documents
Professionnel Documents
Culture Documents
Economics
2.1. TheCommercialSeaor as a Pioneer of "GIob&ationnglobal dynamism, with the
juridification
"globalisation what is it? Economic integration at a certain point reqd political integration,
which isintroduced through laws. Keeping in mind this genuine link, the following
paragraphs will - from a legal perspective - deal with the purely commercial activities as
reflected in the notions of "transnational law", transnational commercial law",
"internationa1 law of contracts", "law of international trade", "Droit du commerce
internationaf', or "new law merchant (lex mercatoria)".fJ3 Over the years the notion of [lex
mercatoria has gained wide acceptance. This great variety of notions is minored in the same
nurnber of definitions and is the cause for hot debate for more than three decades no^.'^
question of the existence of an independent law of a
proper Iaw merchant, or [ex mercatoria; in the periphery its scope, its legal character and
theoretical foundation are disputed."'' The lex mercatoria itself forms a farnily, comprising
in itself manysubcategories such asthelex petrolea, the [ex electronicu, the [ex
constructionis, the [ex maritinla, and the international law of con tract^?^ For this essay,
emphasis will be put on the unity of the legal systern, and therefore the lex mercatoria is
perceived as a revived conceptual mode1 of a new ius commune, a law cornmon to many
It is hm this vacuumthat the concept of a newlex mercatoria was boni. Given the vacuum
between two traditionally distinct areas of law, it might be legitimate for the moment to deny
the strict legal character of la mercatoria, or at least to perceive it as an independent ''third
legal order". A closer look at the constituting elements of the [exmercatona, however, might
shed some light on its factual character. As constituting elements, the following sources
serve: (1) public international taw; (2) uniform laws; (3) the general principles of law, (4) the
rules of international organisations; (5) customs and usages; (6) standard form contracts; (7)
reporting of arbitrai awards; (8) judicial decisions and jurisprudentid contriiutions; and (9)
pnvate international law.249 From this listing of constituting elements, hardly any doubts
concerning the legal character of the lex mercatoria are Iikely to appear. The ler mercatoria
even fidfils the classical standards of a legal order: it is normative, institutionalised, and
coercive." A mere comparison with the standards of national legal systems however would
begin with the wrong premise, because of the transcending supranational function of the lex 83
mercat~ria.~N' onetheless, it sufaces herefor the time being to indicate that des
originatng hmthe concept of a 'lex mercatoria' exist and that they areappliedLnlex
mercatoriain international practice is found in the work of international judicial organs
and especially in the work of international mixed arbitral tniunals resolving disputes arising
hmcontractual relationship 84
ACT OF STATE DOCTRINE
Q&A: International Criminal Court