Understanding the Role of Lex Mercatoria in Choice of Law in International Transactions
Lex mercatoria, often regarded as a transnational commercial law, plays a pivotal role in shaping the choice of law in international disputes. Its flexibility and autonomy challenge traditional national legal systems, prompting a reevaluation of contractual governance. Understanding the interplay between lex mercatoria and choice of law is essential for navigating complex cross-border transactions. How…