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(International Commercial Arbitration in Net Era
With the globalisation of the world economy, all kinds of the international disputes come out frequently. Solving such dispute efficiently and fairly is very key to the development of the global trade. It is noted that many traders usually like to choose the international arbitration institution instead of the national court. Such a common opinion depends on the inherent advantages lying in the international arbitration.
The first advantage is impartiality. It is well known that the international arbitration institutions are usually organised by the independent organisations. For example International Chamber of Commerce (ICC) that was founded in 1923 and headquartered in Paris, the Stockholm Chamber of Commerce (SCC), the HongKong International Arbitration Centre (HKIAC), and so on. They are not&免费论文网 【http://www.51lunwen.net】nbsp;the hands of the government. Whereas the national court is usually regarded as the part of the national government, which is supported by the native finance and will works for its native benefits. There is a common opinion that there is always something in the biased judiciary behind the different customs and languages in the different national courts.
The another important advantage of international arbitration is that the parties are free to contract where, when and how the arbitration will be conducted, which is called party autonomy. For instance, ICC, one of the most famous international arbitration institution, has its own set of rules which provides for greater flexibility in allowing parties to choose which method of dispute resolution will apply to their disputes. Like the ICC, the Stockholm Chamber of
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