ARBITRATION – AN ALTERNATIVE SETTLEMENT OF INTERNATIONAL TRADE DISPUTES

Gabriel Mihai
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Gabriel Mihai: Faculty of Law and Administrative Sciences, “Ovidius” University Constanta & Maritime and Commercial Court of Arbitration Constanta

SEA - Practical Application of Science, 2016, issue 11, 393-397

Abstract: Arbitration is today considered a form of justice adjusted specifically for disputes between traders, representing a special attraction for the business world. Arbitration can be considered as a refuse reflex from the traders to obey close-minded forms of common law procedure, characterized by excessive rigor or conservatism and as an expression of their propensity towards more malleable means of settling disputes, specific to arbitration.

Keywords: Dispute resolution; Arbitration; Commercial; International (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2016:i:11:p:393-397

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