International Commercial Arbitration and the Developing Countries

AALCO Quarterly Bulletin, No. 4, p. 386, 2006

15 Pages Posted: 18 Apr 2007

See all articles by Rajesh Babu

Rajesh Babu

Indian Institute of Management (IIM), Calcutta

Abstract

The recent years have seen a marked decrease in the opposition from the developing countries against arbitration as a means of settling trade disputes. This paper attempts to show that, even though the opposition of the developing countries has gone down, the conditions that created opposition against arbitration continue to be perpetrated and there still exist in the present set-up conceptual and institutional bias against the developing countries. In this context, this paper analyses three areas of international commercial arbitration i.e., whether arbitration is an effective mechanism for settlement of trade dispute for the developing countries, the power of arbitrators and the competence of national courts control and supervision over international commercial arbitration. The paper also analyses the contribution of the Regional Arbitration Centres established under the auspices of the Asian-African Legal Consultative Organization (AALCO), and stresses the need for promoting and strengthening these institutions.

Keywords: International Commercial Arbitration, AALCO Regional Arbitration Centre

JEL Classification: K33

Suggested Citation

Ravindran, Rajesh Babu, International Commercial Arbitration and the Developing Countries. AALCO Quarterly Bulletin, No. 4, p. 386, 2006. Available at SSRN: https://ssrn.com/abstract=981123

Rajesh Babu Ravindran (Contact Author)

Indian Institute of Management (IIM), Calcutta ( email )

Joka, Diamond Harbour Road
Calcutta 700104, West Bengal 700104
India

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