Developing the Lex Mercatoria

The historical lex mercatoria, or law merchant, is said to have emerged from the customary practices of ancient and medieval seamen and traders who found themselves in need of a common set of rules to govern mercantile trade; rules which would be broadly applicable (and acceptable) to trading partie...

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Main Author: YEO, Tiong Min
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
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Online Access:https://ink.library.smu.edu.sg/sol_research/4094
https://ink.library.smu.edu.sg/context/sol_research/article/6052/viewcontent/LexMercatoria_av.pdf
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spelling sg-smu-ink.sol_research-60522024-11-21T01:38:19Z Developing the Lex Mercatoria YEO, Tiong Min The historical lex mercatoria, or law merchant, is said to have emerged from the customary practices of ancient and medieval seamen and traders who found themselves in need of a common set of rules to govern mercantile trade; rules which would be broadly applicable (and acceptable) to trading parties regardless of their places of origin. To the extent that such a body of legal rules did in fact exist, its significance derived from two main features: (1) its independence (since it was not promulgated by any one decision-maker or legislator, but was drawn from the established practice of the merchant community); and (2) relatedly, its practical utility and credibility (as a set of rules which were created in the marketplace and therefore reflected the actual practices and needs of those subject to it). 2023-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/4094 info:doi/10.5040/9781509955008.ch-010 https://ink.library.smu.edu.sg/context/sol_research/article/6052/viewcontent/LexMercatoria_av.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University International Law
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic International Law
spellingShingle International Law
YEO, Tiong Min
Developing the Lex Mercatoria
description The historical lex mercatoria, or law merchant, is said to have emerged from the customary practices of ancient and medieval seamen and traders who found themselves in need of a common set of rules to govern mercantile trade; rules which would be broadly applicable (and acceptable) to trading parties regardless of their places of origin. To the extent that such a body of legal rules did in fact exist, its significance derived from two main features: (1) its independence (since it was not promulgated by any one decision-maker or legislator, but was drawn from the established practice of the merchant community); and (2) relatedly, its practical utility and credibility (as a set of rules which were created in the marketplace and therefore reflected the actual practices and needs of those subject to it).
format text
author YEO, Tiong Min
author_facet YEO, Tiong Min
author_sort YEO, Tiong Min
title Developing the Lex Mercatoria
title_short Developing the Lex Mercatoria
title_full Developing the Lex Mercatoria
title_fullStr Developing the Lex Mercatoria
title_full_unstemmed Developing the Lex Mercatoria
title_sort developing the lex mercatoria
publisher Institutional Knowledge at Singapore Management University
publishDate 2023
url https://ink.library.smu.edu.sg/sol_research/4094
https://ink.library.smu.edu.sg/context/sol_research/article/6052/viewcontent/LexMercatoria_av.pdf
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