Interaction of Different Laws and Rules in International Commercial Arbitration

Law Comments by Rimantas Daujotas

9 Pages Posted: 18 Jun 2011

Date Written: April 2011

Abstract

One of the main advantages of arbitration is that it can be a ground for dispute resolution which requires interaction of various different laws and rules. Parties can freely decide what laws or rules should govern their dispute settlement mechanism and what procedure to follow in the event of disagreement about their contractual obligations. In order to understand and take the most of international arbitration, main applicable laws and rules should be identified. However, there are also restrictions to party autonomy principle and the law of the seat of arbitration has a major influence to international arbitration procedure.

Keywords: International commercial arbitration, applicable law, different laws, rules, seat of arbitration, interaction, substantive law

JEL Classification: K33, K41

Suggested Citation

Daujotas, Rimantas, Interaction of Different Laws and Rules in International Commercial Arbitration (April 2011). Law Comments by Rimantas Daujotas, Available at SSRN: https://ssrn.com/abstract=1866202

Rimantas Daujotas (Contact Author)

Queen Mary, University of London ( email )

Mile End Road
London, London E1 4NS
United Kingdom

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