International commercial arbitration has the potential to improve the expansion of world trade by decreasing some of the costs, and risks, of conducting business in the global economy. This report highlights interviews with a handpicked sample of 53 advocates and arbitrators from around the...

Lex mercatoria or Law Merchant (‘LM’) is said to be the self-made law of international commerce. According to its proponents, LM is an autonomous legal order that not only supplements state commercial law, but works as a substitute for it. The ‘ancient’ LM, which accompanied the...

In a concise formula, lex mercatoria has been defined as being a category of international law, separate from any national legislation, and which stems from, and applies to international commercial transactions. Although the notion of lex mercatoria does not have a well-defined content it is...

The expenses necessary for the unfolding arbitral process are generally higher than those incurred by the parties in the case of proceedings before national courts, reason for which arbitration is considered a "luxury justice". This study aims to analyze the content of the concept of costs...

Im Binnenhandel bietet die staatliche Gerichtsbarkeit kleinen und mittleren Unternehmen (KMU) einen effektiven Rechtsschutz für ihre Transaktionen. Einen vergleichbar effektiven Rechtsschutz kann der Staat aber jenseits seiner Grenzen nur bedingt gewährleisten. Aufgrund ihrer systematischen...