Issues in International Commercial Arbitration

Abstract

A number of factors are of critical importance in international commercial arbitration. The purpose of this chapter is to provide a narrative of the key terms used in commercial arbitration, a discussion of the different types of arbitration, and a brief description of international arbitration laws, as well as to emphasize the value of alternative dispute resolution and to define the concept and nature of the arbitration. International commercial arbitration has many facets, and reading about these problems can help gain deep insights into them. In terms of discussions, mediations, collaborative laws, and arbitration, alternative dispute resolution (ADR), sometimes known as external dispute resolution (EDR), is categorized into different forms. Laws governing the resolution of legal disputes fall under the purview of common law in some jurisdictions, such as the United Kingdom. The customs and practices of various nations give rise to distinct alternatives for resolving legal disputes.