Recent Developments in National Commercial Law

No one denies that globalization has had a transformative effect on how business is done across the world. The process of globalization should ultimately lead to a world economy in which commercial transactions, trade in products and services, and the means by which crossborder business is done is broadly guided by bilateral and ultilateral agreements.

However, that process is not yet complete, and the laws that impact crossborder business continue to be found in national legal systems. Perhaps all nations are impacted, at least to some degree, by crossborder commerce and investment, and it is commercial law - in large part, national in origin - that governs the environment in which such transactions take place.

Thus, this special issue of the Comparative Law Yearbook provides a sampling of recent developments in commercial law in selected legal systems. Practitioners from Bangladesh, Canada, Colombia, Costa Rica, Germany, Mexico, Nigeria, Romania, Sweden, Switzerland, Turkey, and the United Kingdom offer their comments on developments in their respective countries.