Commercial Arbitration in the Context of Increasing International Trade Disputes

The article focuses on the analysis of the alternative dispute resolution in commercial transactions, in particular on the commercial arbitration and its role in the sphere of international economic relation. The research begins with identifying the causes that have led to the multiplication of trad...

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Main Author: Diana Ramona Popescu
Format: Article
Language:English
Published: Editura ASE Bucuresti 2019-06-01
Series:Romanian Economic Journal
Subjects:
Online Access:http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2019-06-25/3565/y4popescu.pdf
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author Diana Ramona Popescu
author_facet Diana Ramona Popescu
author_sort Diana Ramona Popescu
collection DOAJ
description The article focuses on the analysis of the alternative dispute resolution in commercial transactions, in particular on the commercial arbitration and its role in the sphere of international economic relation. The research begins with identifying the causes that have led to the multiplication of trade disputes. In order to indicate the framework of the analysis, the paper continues with terminological clarifications and definitions of commercial arbitration and the identification of the main international arbitration organizations. The objective of the paper is to highlight the advantages of commercial arbitration in ensuring a beneficial environment for the international trade transactions through settling efficiently the disputes arising between the parties. The author focuses on an assessment over the activity of the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania by exemplifying two cases of international commercial disputes settled through commercial arbitration.
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spelling doaj.art-4fcd297addda415aa80ca8aa13b65f6e2022-12-22T03:07:19ZengEditura ASE BucurestiRomanian Economic Journal1454-42962286-20562019-06-01XXII72142150Commercial Arbitration in the Context of Increasing International Trade DisputesDiana Ramona Popescu0The Bucharest University of Economic Studies, Bucharest, Romania, dy.popescu@yahoo.roThe article focuses on the analysis of the alternative dispute resolution in commercial transactions, in particular on the commercial arbitration and its role in the sphere of international economic relation. The research begins with identifying the causes that have led to the multiplication of trade disputes. In order to indicate the framework of the analysis, the paper continues with terminological clarifications and definitions of commercial arbitration and the identification of the main international arbitration organizations. The objective of the paper is to highlight the advantages of commercial arbitration in ensuring a beneficial environment for the international trade transactions through settling efficiently the disputes arising between the parties. The author focuses on an assessment over the activity of the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania by exemplifying two cases of international commercial disputes settled through commercial arbitration.http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2019-06-25/3565/y4popescu.pdfinternational disputescommercial arbitrationalternative dispute resolutionglobalizationalternative dispute resolution
spellingShingle Diana Ramona Popescu
Commercial Arbitration in the Context of Increasing International Trade Disputes
Romanian Economic Journal
international disputes
commercial arbitration
alternative dispute resolution
globalization
alternative dispute resolution
title Commercial Arbitration in the Context of Increasing International Trade Disputes
title_full Commercial Arbitration in the Context of Increasing International Trade Disputes
title_fullStr Commercial Arbitration in the Context of Increasing International Trade Disputes
title_full_unstemmed Commercial Arbitration in the Context of Increasing International Trade Disputes
title_short Commercial Arbitration in the Context of Increasing International Trade Disputes
title_sort commercial arbitration in the context of increasing international trade disputes
topic international disputes
commercial arbitration
alternative dispute resolution
globalization
alternative dispute resolution
url http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2019-06-25/3565/y4popescu.pdf
work_keys_str_mv AT dianaramonapopescu commercialarbitrationinthecontextofincreasinginternationaltradedisputes