International Court of Arbitration
Encyclopedia
The International Court of Arbitration is an institution
for the resolution of international
commercial
disputes. The International Court of Arbitration is part of the International Chamber of Commerce
.
There are an increasing number of cases being brought before the International Court of Arbitration. There have been more than 500 cases a year handled by the International Court of Arbitration since 1999.
Institution
An institution is any structure or mechanism of social order and cooperation governing the behavior of a set of individuals within a given human community...
for the resolution of international
International
----International mostly means something that involves more than one country. The term international as a word means involvement of, interaction between or encompassing more than one nation, or generally beyond national boundaries...
commercial
Commerce
While business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...
disputes. The International Court of Arbitration is part of the International Chamber of Commerce
International Chamber of Commerce
The International Chamber of Commerce is the largest, most representative business organization in the world. Its hundreds of thousands of member companies in over 130 countries have interests spanning every sector of private enterprise....
.
There are an increasing number of cases being brought before the International Court of Arbitration. There have been more than 500 cases a year handled by the International Court of Arbitration since 1999.