C/L/192. Arbitration and Mediation. New Approach to Resolving Trade Disputes: how Traditional International Treaty and Jurisdictional Approaches are Ineffective as per WTO Arbitration Panel

The paper examines arbitration explaining how states are bound by contractual obligations. The problems of transcending borders, jurisdiction and the controversial approach of regime shopping are discussed. The role of arbitration bodies in resolving international trade disputes is analyzed commenting on trade disputes, the effectiveness of traditional jurisdiction, the WTO arbitration panel, etc.