Law Assignment on Arbitration

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1. Introduction International commercial arbitration (ICA) as an ADR is regarded as a significant method for the resolution of a dispute that arises due to international commercial agreements or international relationships . It is basically a binding resolution of merits of business disputes mainly with the assistance of one or more arbitration rather than the courts. The application of ICA has increased in the past few years as a result of distrust of one or more parties involved in the agreement in regard to the legal system of a foreign land. Another reason for an increase in the use of ICA is that the parties involved wish to avoid long delays and procedures that occur in the court system and judgment . They may wish that the dispute can be resolved by someone who has the knowledge and expertise in their field of business.

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