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What is “lex mercatoria”? How can it be used in the settlement of international commercial disputes? What are its strengths and weaknesses in this role?

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Bribery of public officials by foreign businesses should be legal if it is a standard way business is done in the official’s country. Critically discuss.

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Critically discuss the advantages and disadvantages of international arbitration, compared with litigation, as a means of resolving international business disputes.