Lex Mercatoria and Self-Regulation in Transnational Perspective

I. Introduction | II. Self-Regulation in Cross-Border Transactions | 1. Notion of Lex Mercatoria | 2. Self-Regulatory Regimes | 3. Reasoning | III. Legal Validity of Lex Mercatoria | 1. Lex Mercatoria and Legal Sources | a) Customary Law | b) Corporatism | c) Self-Validating Legal System | d) Sociological and Anthropological Concepts of Law | e) Recognition | 2. Lex Mercatoria as the Governing Law in Private International Law | IV. Dispute Resolution and Lex Mercatoria | 1. Arbitration | a) General Remarks | b) Relation to the State | 2. Litigation | | a) Choice of Non-State Law | b) Coordination with Arbitration | V. Conclusion