Lex Mercatoria

Lex Mercatoria, or "Law of Merchants," is a set of customary, international principles and practices used by merchants and traders across different countries. It functions as a transnational legal framework that facilitates cross-border commerce, providing guidelines for resolving disputes and conducting transactions. Rather than relying solely on national laws, lex mercatoria draws from trade customs, practices, and general principles accepted globally, promoting consistency and efficiency in international trade. It has evolved over centuries and complements formal legal systems, helping merchants navigate complex cross-border relationships with a shared understanding of fair and predictable conduct.