The modern commercial law grew out of the custom and usages of the merchants, the Law Merchant. Some of these customs were written down, and became a code of international commercial customs. Although the substantive law and procedures of the common law world broadly re ected the international character of trade, it was also in uenced by the insular tendencies of the law. This was particularly prevalent during the nineteenth and twentieth centuries. The advent of modern electronic trade conducted through cyberspace has however meant that the law has once again been required to adopt a more international perspective through the adoption of international treaties and conventions.
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