ARBITRATION AS A DISPUTE RESOLUTION MECHANISM IN INTERNATIONAL TRADE LAW: A CRITICAL APPRAISAL
AUTHOR – KHUSHI GUPTA* & LAKSHMI PRIYA VINJAMURI**
* LAW COLLEGE DEHRADUN, UTTARANCHAL UNIVERSITY, DEHRADUN, UTTARAKHAND, INDIA
** ASSISTANT PROFESSOR, LAW COLLEGE DEHRADUN, UTTARANCHAL UNIVERSITY, DEHRADUN, UTTARAKHAND, INDIA
BEST CITATION – KHUSHI GUPTA & LAKSHMI PRIYA VINJAMURI, ARBITRATION AS A DISPUTE RESOLUTION MECHANISM IN INTERNATIONAL TRADE LAW: A CRITICAL APPRAISAL, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 6 (9) OF 2026, PG. 414-420, APIS – 3920 – 0001 & ISSN – 2583-2344.
ABSTRACT
International trade involves complex commercial relationships between parties belonging to different countries, legal systems, and business environments. Disputes arising from such cross-border transactions are often difficult to resolve through traditional national courts due to issues of jurisdiction, procedural delays, unfamiliar legal frameworks, and enforcement challenges. In this context, arbitration has emerged as one of the most preferred mechanisms for resolving international commercial disputes. Arbitration provides a neutral, flexible, and efficient forum where parties can resolve their disputes through mutually agreed procedures and independent arbitrators.
This study critically examines arbitration as a dispute resolution mechanism in international trade law. The research explores the historical development, legal framework, and practical functioning of international commercial arbitration. It analyzes the advantages of arbitration such as party autonomy, confidentiality, procedural flexibility, neutrality, expertise of arbitrators, and enforceability of arbitral awards across borders under international conventions. At the same time, the study also evaluates the limitations and challenges associated with arbitration, including high costs, limited avenues for appeal, procedural complexities, and concerns regarding transparency and consistency in arbitral decisions.
KEYWORDS
International Trade Law, Arbitration, Dispute Resolution, International Commercial Arbitration, Arbitral Awards, Cross-Border Trade Disputes, Party Autonomy, Alternative Dispute Resolution (ADR), Enforcement of Awards, Arbitration Institutions.