Conclusion Of International Arbitration

Conclusion

The International arbitration is a private and effective method to resolve disputes. And it is an alternative dispute resolution method (ADR), in general, voluntarily chosen by the parties. Nowadays, it tends to be the preferred means for settling disputes within the international business community.

This research has presented what being an international commercial arbitration comes to finding a solution about the commercial disputes that arise between the parties of their international status; we mentioned a significant linguistic and idiomatic matter in relation to this. It has told us that the agreement to refer the dispute relating to international trade matters arising between adversaries to an independent body not the courts to resolve the dispute and the decision of the arbitration is binding for them.

We have also explained the advantages of this method to resolve disputes that characterized the speed in resolving the conflict and justice. Confidentiality and trust between adversaries based this a special system to settle the disputes in accordance with the privacy of international commercial and its requirements. The defects, which are attributed to the arbitration is no longer only general observations and cannot withstand what has characterized international commercial arbitration of a prominent place and satisfaction of the international community to make it the basis for attracting foreign investment and the promotion of economic reality, particularly in the important areas. Despite the criticism of the arbitration is as a means of settling international commercial disputes, as indicated previously, the practice shows clearly on the rise in turnout in the International Con...

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...tablishment of special institutions for arbitration in Iraq, and that these institutions play a primary role in the field of trade arbitration at the international level and have the arbitrators of owners efficiency in order to maintain our National capabilities.

4. Holding seminars and distributing flyers to educate the citizens of the importance of arbitration and is characterized by its advantages. This in itself helps the arbitration centres to success and play their role properly and totally.

5. Creating channels of communication with arbitration centres in neighbouring countries to get benefits from their experiences in this area, and to participate in all the conferences that address topics related to the arbitration. And that for all that is new in this area and this ensures that the preparation of a cadre is able to take over the task Arbitration.