C/L/255. The United Kingdom will be able to provide pragmatic, dynamic legal solutions to resolve commercial disputes and continue to be the law of choice in International Commerce with its current ethos as regards the regulation of consumer and commercial entities. Discuss

The paper examines the problems facing commercial law under the unprecedented spread of commercial activity accompanying the process of globalization. The impact of the Internet on the international trade is discussed highlighting its trampling of the traditional common law system and considering the need to create a new 'lex mercatoria' (Law Merchant) to deal with commercial contracts.