International Arbitration: Law and Practice

Arbitration refers to a method of resolving disputes in which both the parties engaged in the dispute agree to have their disputes resolved by one or more private individuals known as arbitrators, rather than by a court of law. International arbitration refers to the arbitration between individuals or companies belonging to different countries. For dispute resolution through arbitration, the agreement of the parties is essential. The consent of parties is obtained by including an arbitration clause in the agreement or contract. The parties can avoid going through local court procedures by using international arbitration. It follows different rules than domestic arbitration and has its own non-country specific standards of ethical conduct. This book presents the laws and practices associated with international arbitration in the most comprehensible and easy to understand language. It is appropriate for students seeking detailed information in this area as well as for experts.