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1 Introduction

Nigel Blackaby, Constantine Partasides, Alan Redfern

From: Redfern and Hunter on International Arbitration (7th Edition)

Nigel Blackaby KC, Constantine Partasides, Alan Redfern

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 14 July 2024

Subject(s):
International investment law — Choice of law — Relationship of international law & host state law — Arbitral tribunals — Awards — UNCITRAL Arbitration Rules — UNCITRAL Model Law

This chapter introduces the concept of international arbitration. As investments, trade, and commerce continue to expand internationally, agreements across national frontiers are significant to the business and commercial life. Nation states recognised the increased importance of international arbitration on international investment, business, and commerce. Thus, international arbitration is tasked to give equal consideration to the claims and defences of the parties and decide on disputes applicable to legal frameworks. Often, countries adopt the UNCITRAL Model Law to reassure investors and attract potentially profitable business. Specialist areas continue to grow in line with the success of international arbitration as a method of neutral international dispute resolution.

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