A Reflection on the Effectiveness of the Arbitration Institution in Foreign Trade

Document Type : Scientific Research

Authors

1 Ph.D. Student in Private Law, Najaf Abad Branch, Islamic Azad University, Najaf Abad, Iran.

2 Assistant Professor, Department of Law, Islamic Azad University, Najaf Abad Branch, Najaf Abad, Iran.

3 Master's student, Islamic Azad University, Najaf Abad Branch, Najaf Abad, Iran.

4 Assistant Professor, Department of Law, Farahan Branch, Islamic Azad University, Farahan, Iran.

Abstract

International commercial arbitration is without a doubt the most important method for resolving disputes in foreign trade. But why is arbitration more developed in foreign trade compared to referring to national courts and according to the economic law professors' view of the arbitration institution as a commodity offered in the market of dispute resolution methods, with what motivations and how can arbitrators increase their market value in this market? The findings of this research show that in relation to the efficient management of disputes in foreign trade, although the relative advantages of arbitration compared to national courts have been emphasized for many decades, nevertheless, on the one hand, in order to attract as many users as possible in foreign trade, the approach of increasing the usefulness of national courts is considered and on the other hand, the events happening in the international commercial arbitration community show that only the analysis of the will of the arbitrators in issuing a award based on the criterion of "issuing a competent decision" cannot reflect all the facts in international commercial arbitration.

Keywords

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