International Arbitration has become the most preferred means of dispute settlement between big corporations and large enterprises that are involved in cross-border business. One of the main reasons why arbitration is scaling new heights of popularity among the business community is the fact that it offers a quick and less expensive alternative to resolve disputes as compared to the traditional court proceedings.
International Arbitration Law guarantees that the reputation of the involved parties is protected by incorporating the important feature of confidentiality into the process of conflict resolution. This is done by holding all the hearings and proceedings of the court in a private room where only the concerned parties and a panel of arbitrators is present, and no detail of the case is leaked out to the general public.
The various roles and responsibilities of an International Arbitrator are given as follows:
• The most important responsibility of an arbitrator is to resolve disputes in a swift and fair manner.
• Arbitrators are required to give internationally enforceable judgments.
• Arbitration technocrats are required to facilitate a neutral dispute resolution environment.
• They are expected not to provide an unfair domestic court advantage.
• To maintain the neutrality of the adjudicative process.
• International arbitrators must provide independent, adjudicative services in order to honor the expectations of the involved parties.
• An arbitrator should give such judgments that contribute to the legitimacy of international arbitration.
• To facilitate an easy platform for resolving disputes involving disputants from different cultural and legal backgrounds.
International Arbitration Law guarantees that the reputation of the involved parties is protected by incorporating the important feature of confidentiality into the process of conflict resolution. This is done by holding all the hearings and proceedings of the court in a private room where only the concerned parties and a panel of arbitrators is present, and no detail of the case is leaked out to the general public.
The various roles and responsibilities of an International Arbitrator are given as follows:
• The most important responsibility of an arbitrator is to resolve disputes in a swift and fair manner.
• Arbitrators are required to give internationally enforceable judgments.
• Arbitration technocrats are required to facilitate a neutral dispute resolution environment.
• They are expected not to provide an unfair domestic court advantage.
• To maintain the neutrality of the adjudicative process.
• International arbitrators must provide independent, adjudicative services in order to honor the expectations of the involved parties.
• An arbitrator should give such judgments that contribute to the legitimacy of international arbitration.
• To facilitate an easy platform for resolving disputes involving disputants from different cultural and legal backgrounds.
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