Critically discuss the role and importance of intenational commercial arbitration as an alternative dispute settlement mechanism in international trade today.
Date Submitted: 08/25/2002 22:36:50
International trade contracts can give rise to disputes, which need resolution. This can be done through a process of litigation, or arbitration, to mention just two methods. Certain issues however, need to be taken into consideration when using either of the two methods for dispute settlement.
Many businesses in recent times have preferred to use the latter method of arbitration. This has in many cases become the norm. It has also been suggested, the increased
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Vibhute K (1998). Waiver of State Immunity by an Agreement to Arbitrate and International Commercial Arbitration. Journal of Business Law. Vol. 550.
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