TY - JOUR TT - LEX MERCATORIA AND INTERNATIONAL ARBITRATION AU - Güven, Koray PY - 2014 DA - August JF - Milletlerarası Hukuk ve Milletlerarası Özel Hukuk Bülteni PB - Istanbul University WT - DergiPark SN - 1308-0385 SP - 1 EP - 57 VL - 34 IS - 2 KW - Lex Mercatoria KW - Milletlerarası Tahkim KW - Tahkimde Esasa Uygulanacak Hukuk KW - Dostane Arabulucu KW - Lex Mercatoria’nın Kaynakları N2 - Lex mercatoria is described as a body of rules which constitutes an autonomous legal systemindependent from national laws and international law. As its name implies, it dates backto an old body of law which took its form in the Middle Ages as a common legal systemfor the disputes between merchants who traded across Europe. The ‘new’ lex mercatoria,by proponents of the theory, is offered as a solution towards the demands of society ofmerchants for a legal system which responds to the needs of the modern international tradebetter. Opponents of the theory, on the other hand, attack on it arguing that it lacks essentialfeatures to be defined as a proper legal system. Leaving the theoretical issues arising out ofthis discussion, arbitration is a tool employed to prove existence of lex mercatoria and atthe same time employed to develop it. In this article, basic features of lex mercatoria willbe summarized. Then the problem of the law applicable to the merits in arbitration whichis the unique ‘forum’ for lex mercatoria will be explained. Finally, some arbitral cases inwhich lex mercatoria was applied as substantial law will be illustrated. CR - AKINCI, Ziya; Milletlerarası Tahkim, Vedat Kitapçılık, İstanbul, 2013. CR - AYOĞLU, Tolga; Uluslararası Ticari Sözleşmelere Uygulanan Genel Prensipler, Maddi Hükümler ve Ticari Adet - Teamüller Olarak Lex Mercatoria, Vedat Kitapçılık, İstanbul, 2011. 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