Who should create default commercial rules? Should they be created in a constructivist way or should they be created rather through a spontaneous order? Should Kelsen’s positivism prevail in commercial law? Drawing on diverse libertarian literature, I will argue that, since courts do not play a dominant role in civil law countries and, more importantly, do not set precedents, default commercial rules should not be created by the legislator, but through the Lex Mercatoria.
Recommended CitationFabio Núñez del Prado Ch., The Fatal Leviathan: A Hayekian Perspective of Lex Mercatoria in Civil Law Countries, 31 Pace Int'l L. Rev. 423 (2019)
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