Essay on International Commercial Arbitration

Essay on International Commercial Arbitration

Length: 618 words (1.8 double-spaced pages)

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Arbitration: It is a process wherein the parties to a dispute present their dispute or disagreement to the discernment and wisdom of an impartial person or group (known as arbitrators) nominated by the mutual/reciprocal consent, who decides the dispute in a quasi-judicial procedure and the award passed by the arbitrators is final and binding on the parties to the dispute.
Online Arbitration: If an arbitration procedure is conducted online then it is known as online arbitration. Online arbitration is a procedure of resolving disputes that has all elements of arbitration, including submission and accession to the arbitral tribunal. All the arbitral proceedings in case of online arbitration takes place through the Internet via networks, online conferencing, Voice over Internet Protocol (VoIP), chat groups, e-mail facilities, video-conferencing or any other means available over the internet, these have all evolved and instituted the IT-intense online arbitration
Arbitration is a favoured method for the resolving international business disputation or conflict for various reasons, such as:...

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Essay on International Commercial Arbitration

- Arbitration: It is a process wherein the parties to a dispute present their dispute or disagreement to the discernment and wisdom of an impartial person or group (known as arbitrators) nominated by the mutual/reciprocal consent, who decides the dispute in a quasi-judicial procedure and the award passed by the arbitrators is final and binding on the parties to the dispute. Online Arbitration: If an arbitration procedure is conducted online then it is known as online arbitration. Online arbitration is a procedure of resolving disputes that has all elements of arbitration, including submission and accession to the arbitral tribunal....   [tags: dispute, online, convenience ]

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