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Commercial Arbitration

Commercial Arbitration

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Published by amour860
buisness law
buisness law

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Categories:Types, Business/Law
Published by: amour860 on Sep 01, 2010
Copyright:Attribution Non-commercial

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03/26/2015

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INTERNATIONALCOMMERCIAL ARBITRATION
 
LIST OF ABBREVIATIONS
ADR
 Alternative Dispute Resolution
AJD
 Admiralty Jurisdiction Decree
FHC
F
ederal High Court
ICC
International Chamber of Commerce
ICJ
International Court of Justice
ICSID
International Centre for Settlement of Investment Disputes
ILM
International Legal Materials
LFN
Laws of the
F
ederation of Nigeria
NWLR
Nigerian Weekly Law Reports
SI
Statutory Instrument
U
NCITRAL
U
nited Nations Commission onInternational Trade Law
WTO
World Trade Organisation
 
EMERGING AND C
U
RRENT TRENDS ININTERNATIONAL DISP
U
TE SETTLEMENT
P
arties to international business transactions arefree to select and build the terms of their contract as long as they keep within specifiedboundaries of legality and mandatory rules.The flexibility created thus extends to thesettlement of disputes and ensures thatparties can resort to a host of methods toresolve their differences, exclusively or at thesame time concurrently. These methodsinclude:
a)
Litigation
b)
b) Arbitration
c)
c) Mediation/ADR 15 

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