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The Principles And Practice Of International Co... -

A typical arbitration follows a structured path, though it is more flexible than a courtroom trial:

An arbitral tribunal has the legal authority to rule on its own jurisdiction. If a party claims the arbitrators have no power to hear the case, the arbitrators themselves—not a court—usually decide that question first. The Principles and Practice of International Co...

This is the "engine" of ICA. It is a treaty signed by over 170 countries that requires national courts to recognize arbitration agreements and, most importantly, enforce foreign arbitral awards as if they were local court judgments. 2. The Practical Process A typical arbitration follows a structured path, though