English Law and Judiciary in International Commercial Arbitration

Alexander V. Chebotarenko, Vyacheslav P. Lebedev

The practice of resolving business conflicts in the second half of XX century has proved that in an increasingly cross-border commercial world, parties to international business transactions have growing discomfort as regards resolving their disputes before focal national courts, especially under unfamiliar legal systems. The result was that international arbitration, with its relative speed, cheap and confidential proceedings, had become the preferable choice for resolving conflicts arising out of international transactions and very important element of combined system of international commercial dispute resolution…