Why international commercial arbitration?

Expansion and globalization of international investment and trade have led to an increase in the number of complex commercial relationships between companies, investors and states. Some of these relationships will inevitably collapse, and the parties have to provide (preferably at the beginning of their relationship), the most effective methods of resolving possible conflicts. In many cases, this will be the best method of international commercial arbitrazh.

By arbitration resorted to ancient times. Mention of this method of overcoming the differences already found in ancient Greece in the works of Plato. In the twentieth century, arbitration has become a standard method for the resolution of disputes in certain sectors (such as construction, exchange trade, transport and insurance) - areas where the technical competence of the arbitrator was particularly useful. And over the last fifty years arbitration has become increasingly popular in the international community as being aware of it an important role in the resolution of complex international commercial disputes, as well as the economic benefits that received a State, if it is considered "friendly arbitration."