A recently published empirical and theoretical assessment of the UNIDROIT Principles of International Commercial Contracts as a case study of the lex mercatoria, suggests that the Principles offer a “synthesis of normative expectations arising from delocalized and denationalized commercial operations (practices, customs, patterns), they incorporate the possibility of accessing ‘the world of commerce’ by means of an increasingly extended applicability of their provisions, regardless of the geographical, national, or cultural differences of the parties to the contract and the topics with which they deal” (Aldo Mascareño/Elina Mereminskaya, “The making of world society through private commercial law: the case of the UNIDROIT Principles”, Unif. L. Rev., 2013, 1–26, 3).
The practical application of the UNIDROIT Principles shows certain patterns that, following basic premises of the Social System Theory by Niklas Luhmann, allow for them to be characterized as part of the law of world society. Being juridical norms that can be applied by international arbitral tribunals and national courts, they serve the function of counterfactually protecting normative expectations.
The assumption the following survey is based upon is that the UNIDROIT Principles share these features with other soft law instruments frequently used in international arbitration. Going further, if the internationally acceptable legal framework is scarce, the need for the stabilization of normative expectations through soft law instruments should be even bigger.
To test this thesis, the following brief survey look into the practical relevance of non-binding non-national concepts and instruments. It consists of 8 questions and takes no longer than 5 minutes to respond.
The survey is conducted within the Fondecyt (National Foundation for Scientific and Technological Development, Chile) Project No. 1110437.