The Landscape of International Commercial Arbitration

Abstract

Chapters 1–7 cover the main features of the arbitral process from the perspective of the parties’ agreement, the court’s supportive function, and overarching standards or values of impartiality, fairness, efficiency and expedition. Chapter 1 begins with examination of the reasons why parties might prefer to pursue arbitration rather than the court system for the resolution of their differences. The second section examines the ‘Three Pillars’ of commercial arbitration: agreement; autonomy from judicial interference (substantial, not complete); cross-border enforcement of awards.