The role of rules governing commercial arbitration

The development of arbitration in order to resolve international trade disputes can be taken advantage of This method compared to other methods of resolving legal disputes sought. Major of these benefits These include: reduction of costs and time of proceedings, confidentiality of the arbitration process, non-appeal of the parties to the courts Nationality, certainty and binding nature of the award and the possibility of identifying and enforcing these votes relatively easily. Thus The parties to the dispute enjoy these benefits if they choose the arbitration method to resolve their disputeAnd this has led to the growing spread of this method of resolving disputes. Of course It should not be overlooked that this method, in addition to its advantages, has disadvantages such as being shakyRecognition of arbitration, non-acceptance by domestic courts, etc. is also. In the present study, which was conducted by descriptive-analytical method, it was concluded that: Regarding the law governing international commercial arbitration, many opinions are presented and the opinions of arbitrators are not the same procedure, both in formal and substantive matters

Keywords:

Governing Principles , Commercial Law , Arbitration