The definitive device of the term “international commercial arbitration”

Abstract

Objectives are to reveal the essence of the institution of international commercial arbitration. Methods comprise the comparative analysis of scientific approaches of various legal systems of the world, judicial practice of both national courts and the European Court of Human Rights. Results and implications. As a result of this study the term “international commercial arbitration” was indicate from both side - of a general theoretical nature and in the law enforcement activities of national courts; the efforts of bringing the arbitration laws to the “unified rules of arbitration” was confirmed as a best way of their reform.

Keywords

• arbitration
• recognition and enforcement of the awards
• new york convention of 1958