Paper Topic:

International commercial arbitration

Running head : INTERNATIONAL COMMERCIAL ARBITRATION International Commercial Arbitration International Commercial Arbitration

International Commercial Arbitration is commonly known as the tribunal that applies choice of law problems in three different levels . The needed time in determining the applicable laws to the arbitration agreement , the procedure to be use in the actual arbitration and the main substance of the dispute that is actually on hand in the arbitration . In determining and applying the applicable laws , having to moderately check on the impact of the required national public policies is also important to

be considered in the arbitral process . In this it will focus on analyzing the different possible solutions on the choice of law problems faced in the international commercial arbitration based on these three levels . Based for the old history , arbitration is one of the oldest approaches in human 's search for justice . And for some it was even established even before law started to grade mankind Arbitration has been the main established principle of law that helps people in the early days in sorting out differences and eventually resolving conflicts . This has become up to now the main standard that is being followed in our current legal system . But , there are also some cases that finding justice and truth may not easily achieved , there are legal processes and impediments that continuously make it difficult for an ordinary human to appreciate , but still it is being applied . They said that in to appreciate and be prepared for whatever verdict that the arbitration process may end , it is better to study the case carefully and from there the right and expected results may be achieved It is also important that for this it should carefully provide the international arbitration theories and characteristics in for the reader to have a good feel on how it is , before going directly on how it being applied . This importance of handling it from the theoretical side first is that it could help readers understand the basic concepts and theories and later be able to appreciate the actual practice how international commercial arbitration is being done

Let us start first with knowing the basic and standard characteristics of international commercial arbitration . But , what does arbitration technically means in law ? Arbitration is a known legal device where the settlement of a question , which is of interest among two or more person is entrusted to one or more person or known as the arbitrator who derived their rights or powers from the previously settled agreement and not coming from the authority of the state

In other simpler definition , arbitration is also considered as a known legal mechanism in settling disputes between parties . Disputes that may come either from personal agreement by parties where the other or both fails to arranged in private ways . Arbitration may sometimes interchangeably used as litigation since both have the same objective and that is settling disputes . Arbitration may also be legal actions conducted in the judicial system of man where...

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