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Application of International Law

Application of International Law

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Running Head: APPLICATION OF INTERNATIONAL LAW 1

Application of International Law

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APPLICATION OF INTERNATIONAL LAW 2

Application of International Law

International law refers mainly to a body of stipulated rules and regulations that are

established by a treaty or custom and which are accepted by nations as legally binding in their

affairs with one another. International law therefore consists of a set of rules, which are

regarded generally and are accepted as having a bond in the relations between nations and

between states. International law mainly serves as a structure of organized and stable

international relations. It is paramount to note that majority of international law is usually

consent-based governance while only a few of them are not consent-based. International law

has three fundamental legal disciplines that include supranational law, conflict of laws or

private international law, and public international law (Wallace & Martin-Ortega, 2009).

On the other hand, arbitration refers to a cost-effective and time-tested alternative to

litigation. The noble concept of arbitration is popularly known as a dispute submission, which

consists of various impartial persons in pursuit of a binding and final decision, which is

referred to as an award. These awards are normally made in writing in order to prove as

evidence and they are mainly binding and final between the parties concerned in the case.

The American international arbitration law is of paramount importance has hugely grown

greatly in accordance to a recent research that was conducted by authoritative scholars. The

major reason for this concept has been the humongous move by majority of the American

companies to expand into foreign markets and they require to safeguard their business

interests at the United States. It is paramount to note that arbitration has been widely utilized

as a method of resolving many transnational disputes that involve American parties. The U. S

is mostly chosen as a suitable place for various international arbitration proceedings (Evans,

2010).

The noble Federal Arbitration Act was enacted in 1925 and it provides provisions for

judicial facilitation to private disputes resolutions through arbitration. The Federal

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Application of International Law Name Institution Application of International Law International law refers mainly to a body of stipulated rules and regulations that are established by a treaty or custom and which are accepted by nations as legally binding in their affairs with one another. International law therefore consists of a set of rules, which are regarded generally and are accepted as having a bond in the relations between nations and between states. International law mainly serves as a structure of organized and stable international relations. It is paramount to note that majority of international law is usually consent-based governance while only a few of them are not consent-based. International law has three fundamental legal disciplines that include supranational law, conflict of laws or private international law, and public international law (Wallace & Martin-Ortega, 2009). On the other hand, arbitration refers to a cost-effective and time-tested alternative to litigation. The noble concept of arbitration is popularly known as a dispute submission, which consists of various impartial persons in pursuit of a binding and final decision, which is referred to as an award. These awards are normally made in writing in order to prove as evidence and they are mainly binding and final between the parties concerned in the case. The American international arbitration law is of paramount importance has hugely grown greatly in accordance to a recent research that wa ...
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