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Advantages Of International Commercial Arbitration In Resolving The Commercial Contests

Author

Listed:
  • Mentor Lecaj

    (Faculty of Law, AAB College, Prishtina, Kosovo)

  • Granit Curri

    (Faculty of Law, AAB College, Prishtina, Kosovo)

Abstract

Flexibility and other advantages that the International Commercial Arbitration has in resolving commercial contests has made it possible that this mechanism be one of the key factors influencing the foreign capital in the developing countries, as well as signing of a large number of contracts involving a large amount of financial means. The purpose of this paper is to focus on analyzing the advantages of the international arbitration as a credible institution with a procedural and mitigating flexibility towards other mechanisms for solving commercial contests. From the other perspective, this paper analytically explains the reasons as to why the parties avoid other procedures in solving commercial contests. The main purpose of this paper is theoretical influence in promoting this institution by specifically focusing on the importance of the advantages that this institution has as compared to the other procedures in solving the commercial contests. This study will be carried out using content analysis method wherein a number of data from various authors will be analysed (analyzing the relevant literature for this institution through which advantages and disadvantages of the Arbitrary Procedure will be explained).

Suggested Citation

  • Mentor Lecaj & Granit Curri, 2021. "Advantages Of International Commercial Arbitration In Resolving The Commercial Contests," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 10(2), pages 96-101, June.
    • Handle: RePEc:sja:journl:v:10:y:2021:i:2:p:96-101
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    References listed on IDEAS

    as
    1. Raymond C. W. Leung & Yu-Man Tam, 2021. "Statistical Arbitrage Risk Premium by Machine Learning," Papers 2103.09987, arXiv.org.
    2. Matthias M M Buehlmaier & Josef Zechner, 2021. "Financial Media, Price Discovery, and Merger Arbitrage [Who writes the news? Corporate press releases during merger negotiations]," Review of Finance, European Finance Association, vol. 25(4), pages 997-1046.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    International Commercial Arbitration; contest; global dynamics; appropriateness.;
    All these keywords.

    JEL classification:

    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

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