International arbitration is the leading form of international dispute resolution between businesses of different nationalities, as well as between foreign investors and States. It is a consensual, neutral, binding, private and enforceable means of international dispute resolution, which is typically faster and less expensive than domestic court proceedings. It is sometimes called a hybrid form of international dispute resolution, since it blends elements of civil law and common law procedure, while allowing the parties an opportunity to design the procedural rules under which their dispute will be resolved.
Companies frequently include international arbitration agreements in their commercial contracts with businesses located in other States, so that if a dispute arises they are obligated to arbitrate before neutral arbitrators rather than to pursue litigation before a foreign court. A relatively recent phenomenon, investor-State arbitration concerns arbitration proceedings by foreign investors against States on the basis of bilateral or multilateral investment treaties, or domestic laws providing consent to arbitration.
Thanks to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958, the awards of international arbitrators can be readily enforced in three-quarters of the countries of the world, providing one of key advantages of arbitration as compared to domestic litigation to resolve international disputes.
International Arbitration Resources
The purpose of this website, maintained by the leading independent arbitration law firm Aceris Law, is to provide access to useful arbitration information and legal resources in order to make information about the leading form of international dispute resolution more readily available.
The IAA Network’s arbitration search engine instantly searches 67 leading online leading arbitration legal resources simultaneously, providing answers to nearly all questions regarding arbitration. Many other free arbitration resources are provided, including the only arbitration cost calculators to estimate the full cost and duration of resolving ICC, LCIA, ICSID, ICDR and SIAC arbitrations, a unique online library of leading books on arbitration, a database of thousands of arbitration-related legal materials in the public domain, tools to find international arbitrators, tips on drafting arbitration clauses, model Requests for Arbitration and model Answers, and more. These resources are entirely free and machine-translated into 40 languages. A description of current resources may be found here.