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Lex mercatoria
Lex mercatoriaThat system of laws which is adopted by all commercial nations, and which, therefore, constitutes a part of the law of the land. RELATED TERMS-------------------------------------- Nations Nations or states are independent bodies politic; societies of men united together for the purpose of promoting their mutual safety and advantage by the joint efforts of their combined strength. SIMILAR TERMS-------------------------------------- Lex arbitri Curial law or lex arbitri. The law governing the procedure of the court or arbitral tribunal itself. Lex causae The law applicable to the case. Lex domicilli The law of the place of domicil. Lex falcidia Civil law. The name of a law which permitted a testator to dispose of three-fourtbs of his property, but he could not deprive his heir of the other fourth. It was made during the reign of Augustus, about the year of Rome 714, on the requisition of Falcidius, a tribune. Lex fori Practice. The law of the court or forum. Lex fori theory of conflicts of law Refuting the vested rightsdoctrine espoused by Beale, Walter W. Cook, in his lex fori theory of conflicts of law, argued against the notion that any right, including a foreign right, can be vested. Instead, Cook contended that courts do not "enforce" rights created under foreign law, but rather enforce domestic rights, which they themselves choose to create and enforce. Implicit in Cook's theory is a bias in favour of the law of the forum, or a "homeward trend," demonstrating a preference for the application by American judges of local law. Lex loci The law of the place. Lex loci contractus The law of the place of conclusion of the contracting. Lex loci damni The law of the place where the injury occurs. In other words, if an injury appears in another country, the laws of that country governs, provided that the tortfeasor should have foreseen that the damage would occur there. Lex loci delicti The law of the place of the tort/delict. Lex loci solutionis The law of the place of performance of the contract. Lex longobardorum The name of an ancient code in force among the Lombards. It contains many evident traces of feudal policy. It survived the destruction of the ancient government of Lombardy by Charlemagne, and is said to be still partially in force in some districts of Italy. Lex neminem cogit ad vana seu inutilia peragenda The law forces no one to do vain or useless things. Lex non cogit impossibilia The law does not require impossible things. Lex non scripta Lex non scripta or unwritten law. All the laws which do not come under the definition of written law; it is composed, principally, of the law of nature, the law of nations, the common law, and customs. Lex rei sitę The law of the place where the thing in dispute is situated. Lex scripta Lex scripta or law written. This consists of the constitution of the United States the constitutions of the several states the acts of the different legislatures, as the acts of congress, and of the legislatures of the several states, and of treaties. Lex solutionis The law of the place of performance. Lex talionis The law of retaliation an example of which is given in the law of Moses, an eye for an eye, a tooth for a tooth, &c. Lex terae The law of the land. The phrase is used to distinguisb this from the civil or Roman law. Lex terrę The law of the land. Lex vigilantibus favet The law sustains the watchful. PREVIOUS AND NEXT TERMS-------------------------------------- Lex loci contractus The law of the place of conclusion of the contracting. Lex loci damni The law of the place where the injury occurs. In other words, if an injury appears in another country, the laws of that country governs, provided that the tortfeasor should have foreseen that the damage would occur there. Lex loci delicti The law of the place of the tort/delict. Lex loci solutionis The law of the place of performance of the contract. Lex longobardorum The name of an ancient code in force among the Lombards. It contains many evident traces of feudal policy. It survived the destruction of the ancient government of Lombardy by Charlemagne, and is said to be still partially in force in some districts of Italy. Lex mercatoria Lex neminem cogit ad vana seu inutilia peragenda The law forces no one to do vain or useless things. Lex non cogit impossibilia The law does not require impossible things. Lex non scripta Lex non scripta or unwritten law. All the laws which do not come under the definition of written law; it is composed, principally, of the law of nature, the law of nations, the common law, and customs. Lex rei sitę The law of the place where the thing in dispute is situated. Lex scripta Lex scripta or law written. This consists of the constitution of the United States the constitutions of the several states the acts of the different legislatures, as the acts of congress, and of the legislatures of the several states, and of treaties. We thank you for using the Juridical Dictionary to search for Lex mercatoria. If you have a better definition for Lex mercatoria than the one presented here, please let us know by making use of the suggest a term option. This definition of Lex mercatoria may be disputed by other professionals. Our attempt is to provide easy definitions on Lex mercatoria and any other medical topic for the public at large.
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