What is Lex Mercatoria?
The main aim of this analysis is to clarify the content of the term lex mercatoria, what was its way of development and to briefly describe the general attitude of the courts (as authorities of law enforcement) towards it. It is important to know the history and the reason for the creation of lex mercatoria, the later codification, and also its place in the legal world. Furthermore, it is essential to analyse the purpose of the International Court of Arbitration, which plays a significant role in the use of merchant law nowadays and, at last, to discover how important the merchant law is today.