Review and legal analysis of arbitration in international trade law
Abstract
With the development of international trade and the globalization of the economy, arbitration as a method for resolving international trade disputes has grown rapidly, so that today it is a common method in resolving international disputes. It is less common for an investment contract not to include investment, technology transfer, large factory construction, cross-selling, industrial and commercial cooperation, and the like. Arbitration is a private trial approved by law that allows one or more independent individuals to hear a lawsuit and decide on a dispute. Disputes over arbitration, unlike in court, require the agreement of the parties, which may take place before or after the dispute.
Keywords: Arbitration, International Trade, Dispute Resolution, Court, Agreement of the Parties.
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