A Brief Analysis of Party Autonomy in International Commercial Arbitration

Abstract

The party autonomy principle is critical, especially in international commercial arbitration where it is widely and fully applied. However, since this principle has certain limits and weaknesses, it is not absolutely advantageous to the parties involved in disputes. It can thus be considered that the party autonomy principle is a double-edged sword. This paper aims to contribute to the growth and development of international commercial arbitration by conducting a shallow analysis of the party autonomy principle, which allows parties to freely select the applicable rules for dispute resolution.