Dispute Resolution Mechanisms in International Commercial Law

Global business is irrevocable, and therefore, the disputes become an unavoidable part of them due to the variation of legal systems, cultural norms, and business practices when engaging in international trade. Dispute resolution systems are the cornerstone of international trade when it comes to maintaining the trust and efficiency of the parties involved -these systems must be functional. This research paper aims to analyze the major methods of conflict resolution in the field of international commercial law such as litigation, arbitration, mediation, and hybrid methods. The detailed formation of the benefits, drawbacks, and application of the methods to different types of disputes is included in the research. This paper states the ground for the change of attitude towards arbitration as the most neutral and guaranteed method of solving the cases under the New York Convention. Furthermore, the article goes on to the discussion of the new modalities of dispute resolution like online dispute resolution (ODR) and the participation of international organizations like the ICC and UNCITRAL. So, the results show that companies have to develop individual dispute resolution strategies that will be in line with the type of the dispute, the needs of the solution, and taking into account the cost.

کلیدواژه ها:

International Commercial Law ، Dispute Resolution ، Arbitration ، Mediation ، Litigation ، New York Convention ، ODR