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| Article Name : | | | The Development Of International Commercial Arbitration In Recent Decades: The International Scenario | | Author Name : | | | Saber Habibisavadkouhi And Ramesh | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-3019 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | Aim:The main purpose of this study seeks to discuss the worldwide developments in international arbitration by the use of a wide general review of the related data right up to the present date as well as understanding of this important and growing field. Research Questions: This study seeks to answer to two main questions; 1) how did the arbitration grow in the universe? And, 2) what is the global position of International Commercial Arbitration? Methodology: The methods which used in this study contain Descriptive and Historical research method which carried out in International Commercial Arbitration. This study is based on the most recent commentary, research articles, books, international institutional yearbooks and court decisions referenced and reported in selected national, regional and international journals. Conclusion: Although the International Commercial Arbitration in the world is not a new concept, but recently it has been organized on more scientific line, expressed in more crystal clear terms and employed more widely in dispute's resolution in the previous years than before. It has become so popular but it is far from an ideal and universal method. The most important reasons of the mentioned points are: 1.The present international convention and legal institution are not adequate for dealing with the problem of international commercial arbitration. 2.The global scenarios existed in international commercial arbitration are not certainly encouraging. 3.The Model law has not met the purpose which was determined for it. | | Keywords : | | |
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