The new lex mercatoria refers to the free trade era's notion of transnational law.

Name: The new lex mercatoria refers to the free trade era's notion of transnational law.
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The new lex mercatoria is a concept that refers to the principles and rules developed by international commercial practice, which have evolved alongside the growth of transnational trade. It is a set of rules that govern cross-border transactions and is considered to be a part of transnational law.

The New Lex Mercatoria Refers to the Free Trade Era's