The Principles And Practice Of International Co... [PC]
The practice of International Commercial Arbitration is a delicate balance between contract law and international treaty. It provides the "legal glue" that allows global trade to function, offering a predictable and enforceable way to manage risk in an unpredictable world.
A typical arbitration follows a structured path, though it is more flexible than a courtroom trial: The Principles and Practice of International Co...
International Commercial Arbitration (ICA) is a private system of justice that bypasses national courts in favor of neutral, expert panels. 1. The Core Principles The entire system rests on a few foundational pillars: The practice of International Commercial Arbitration is a
This is the "golden rule" of arbitration. Unlike litigation, where rules are imposed by the state, parties in arbitration can choose the language, the seat (legal location), the applicable law, and the specific individuals who will judge their case. the seat (legal location)
