International arbitration is a method of dispute resolution in which two cross-border parties agree to submit their dispute to a tribunal of one to three arbitrators that they select. Arbitration is more flexible than court proceedings, but it is still controlled by a governing body law and procedural rules. Awards are final and binding on the parties despite the procedure taking place outside of individual national legal systems. Most disputes are commercial in nature.
Key resources in international arbitration include:
- Treaties and international agreements
- Institutions of international arbitration
- Rules and procedures
- Awards and court decisions
- Professional organizations and directories
- Secondary sources: treatises, yearbooks, journal articles
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