The role of arbitration in settling commercial disputes

Abstract

Arbitration is considered one of the oldest institutions entrusted with the task of resolving and settling disputes. Man has been around since ancient times, and has developed with the development of international trade, until it has become an indigenous custom deeply rooted in... People's souls, they believed that it was a function of the judiciary and justice and a means of resolving violations. Arbitration is considered one of the... The most important means through which contractual disputes can be settled in the field of commercial investment relations are: Because of its many characteristics and features, it has tempted many comparative legal systems to resort to it Because of its advantages of justice, confidentiality, speed, economy, and avoiding routine and traditional procedures Resolving all disputes.

Arbitration is considered a type of private judiciary, in which the parties to the dispute act of their own free will By choosing it as a way to resolve the dispute existing between them, and by choosing the arbitrators who represent them and the procedures that are followed In it and sometimes the law that applies to it.