International commercial arbitration Recent trends and issues

Abstract

newline It is a truism to say that with the exponential increase in international (cross border) trade and investment transactions after Second World War, the international commercial disputes grew massively giving rise to a corresponding rise of arbitration as a and#8213;normaland#8214; method of the dispute settlement. In fact, since the last quarter of the twentieth century when many countries, driven by the spirit of globalization, began to open up their economies to a foreign trader or investor, arbitration emerged as a reliable and preferable method of the settlement of international commercial disputes