Formation of Transnational Law

Transnational law characteristically is not laid down in statutes or regulations adopted by the national law making bodies, nor is it an abstract taken from national court decisions. It is also different from international law or international legal custom, which are adopted by states or by international organisations based on international public law - as, for example, the entire European Community law. Transnational law is created solely be the community directly involved in international commerce, and by the persons who take a practical or academic interest in it. For ...