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Lex Mercatoria

  • By: Peter T. Leeson
  • In: Encyclopedia of Global Studies
  • Edited by: Helmut K. Anheier & Mark Juergensmeyer
  • Subject:Globalization, Social Policy (general), Cultural Geography

The term lex mercatoria refers to the private customary legal system that governs international commerce. The lex mercatoria, or “law merchant,” first emerged in the 11th century to facilitate international trade. A contemporary law merchant facilitates ...

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