Ever since international economic relations have been established law has been developed to shape them in a satisfactory manner. Conversely, changes in the law have sometimes preceded, and thus fostered, international economic intercourse. The spectacular growth of the international economy over the past decades has called for a more intensive role for the law, and probably also a different kind of law. This has led to a panoply of new legal instruments and procedures as well as a resuscitation of the traditional and established forms. In December 2002, the Europa Instituut of Leiden...