This paper looks at the current status and role of specific commercial
contract law both national and international in view of recent European
contract law reform. It reviews the value and necessity of a special and
separate contract law for merchants in a global market and discusses
critically the terminology, doctrine and objectives which this law is
based upon. For a long time the choice of transnational law rules which
are often non-state law has been marginalised and made impossible in
state court proceedings. The new Common European Sales Law circumvents
this problem by proposing to be used as national law. International
practice in commercial dispute settlement may therefore still remain at
the forefront of promoting and modelling the use of transnational
contract law.