TY - JOUR AU - HONCHARENKO, Олена PY - 2020/02/17 Y2 - 2024/03/29 TI - Transnational trade law as a form of normative self-regulation JF - Foreign·trade:·economics,·finance,·law JA - FT VL - 108 IS - 1 SE - INTERNATIONAL CIVIL LAW DO - 10.31617/zt.knute.2020(108)04 UR - https://journals.knute.edu.ua/foreign-trade/article/view/135 SP - 32-42 AB - <p><strong>Background.&nbsp;</strong>The modern world is a world of alternatives. Such alternatives arise both for certain procedural and substantive rules and for substantive law.<br><strong>Analysis of recent research and publications.&nbsp;</strong>The aspect of&nbsp;<em>Lex mercatoria</em>&nbsp;research through the lens of self-regulation of economic activity remains insufficiently studied.<br>The&nbsp;<strong>aim</strong>&nbsp;of the study is to identify the features of transnational trade law (<em>Lex&nbsp;mercatoria</em>) as a form of self-regulation of economic activity.<br><strong>Materials and methods.&nbsp;</strong>General and special methods of knowledge of legal phenomena and processes are used. The main methods used in the work were: dialectical, systematic approach, formal-logical, generalization, comparative law, synergistic. Information base of the research – Principles of international commercial treaties of UNIDROU, Incoterms Rules, Code of Principles, Rules and Requirements of&nbsp;<em>Lex mercatoria</em>&nbsp;CENTRAL, works of domestic and foreign scientists.<br><strong>Results.&nbsp;</strong><em>Lex mercatoria</em>&nbsp;is an element of the soft law system that has its own peculiarity different from other sources of this system because it is formed taking into account the advantages and disadvantages of international trade.<br>Today,&nbsp;<em>Lex mercatoria</em>&nbsp;is a globalized system of norms of self-regulation (customs of trade), which is codified at the level of well-known international governmental and non-governmental organizations, research institutes.&nbsp;<em>Lex mercatoria</em>&nbsp;has an important sign of autonomy (it is developed, accepted, codified by a specific community that professionally organizes and organizes international trade). Business entities can choose and choose to apply a self-regulation rule in the form of&nbsp;<em>Lex mercatoria</em>. This is an opportunity to realize the potential of self-regulation. In this case, self-regulatory norms from potentially soft become binding on the parties that have chosen them.<br><strong>Conclusion.&nbsp;</strong>In many cases, when dealing with commercial disputes with a foreign element,&nbsp;<em>Lex mercatoria</em>&nbsp;is used as a regulatory tool for self-regulation. In this case, there is acombination of two means of self-regulation: institutional and regulatory. To date, e-commerce is a source of change in transnational trade law, which is developed and implemented by the entities themselves, that is, international trade participants who are self-regulatory entities. The peculiarity of the new&nbsp;<em>Lex mercatoria</em>&nbsp;is its creation by precedent.</p> ER -