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Part III Arbitral Proceedings: Establishing the Facts and Applying the Law, B Substantive Norms, 2 Neutrality, Predictability and Economic Cooperation

From: Arbitration of International Business Disputes: Studies in Law and Practice (2nd Edition)

William W. Park

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 18 April 2024

International business lawyers generally seek to minimize the uncertainty and potential bias inherent in the cross-border legal environment. These lawyers draft arbitration and jurisdiction clauses, sometimes linked to choice-of-law agreements and treaty enforcement mechanisms, in order to foster a more neutral and predictable mode of dispute resolution than otherwise available to their clients. To some, the merit of these commitments to a relatively neutral forum and determinate substantive law would seem self-evident. No econometric model should be required for...
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