Penn State International Law Review

First Paragraph

Some say that Mercantile or Commercial Law should be studied methodologically by examining the subjects or persons who participate; the purpose or field of commerce; the relationship between resources and instruments of commerce; and, finally, the issues or conflicts inherent in the combination of the first three aspects of commerce. The resolution of conflicts and problems in commerce may occur through a judicial or administrative process, regardless of whether the problems are of an intra-national or cross-border nature. This resolution may include regional or international procedures known as Insolvency Proceedings,2 Commercial Arbitration.