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  • Essay / Conclusion of International Arbitration - 1103

    ConclusionInternational arbitration is a private and efficient method of resolving disputes. And it is an alternative dispute resolution method (ADR), in general, chosen voluntarily by the parties. Today, it tends to be the preferred means of resolving disputes within the international business community. This research has shown what international commercial arbitration is to find a solution to commercial disputes that arise between parties to their international status; we have raised an important linguistic and idiomatic question on this subject. We were informed that the agreement to refer the dispute relating to international trade matters arising between adversaries to an independent body and not to the courts to resolve the dispute and that the decision of the arbitration is binding on them. We have also explained the advantages of this method. to resolve disputes which characterized the speed of conflict resolution and justice. Confidentiality and trust between adversaries are the basis of this special system for resolving disputes in accordance with international trade secrecy and its requirements. The faults attributed to arbitration are no longer just general observations and cannot stand up to what has characterized international commercial arbitration as a prominent place and the satisfaction of the international community in making it the basis for attracting foreign investments and the promotion of economic reality, particularly in important areas. Despite the criticism leveled against arbitration as a means of resolving international commercial disputes, as noted earlier, the practice is clearly manifested in the increase in participation in Con...... middle of paper . .....establishment of special institutions for arbitration in Iraq, and that these institutions play a vital role in the field of commercial arbitration at the international level and have the effectiveness of owners' arbitrators in order to maintain our national capabilities .4. Organize seminars and distribute leaflets to raise awareness among citizens of the importance of arbitration and is characterized by its advantages. This in itself helps the arbitration centers to succeed and play their role properly and fully.5. Create communication channels with arbitration centers in neighboring countries to benefit from their experiences in this area and participate in all conferences that address topics related to arbitration. And this, however, is new in this field and it guarantees that the preparation of a manager is capable of taking charge of the arbitration task...