review of international arbitration for resolve of economic disputes at the world trade organization

review of international arbitration for resolve of economic disputes at the world trade organization

this paper discusses the evolving relationship between arbitration and international economic law (iel) particularly the role that arbitration performs as an effective method to rule international economic disputes. the primary aim of this work is to address, in a nutshell, questions related to when, why and how arbitration and international economic law have become intrinsically interfaced, the scope and current implementation of arbitral proceedings in some areas of iel as well as to indicate a number of challenges that the wave of international arbitrations are prompting, challenges that somehow could undermine its effectiveness and suitability as a consensual third party intervention vesting with the authority to adjudicate international economic disputes. in this paper first of all deals with a summary of the history and development of international arbitration and the wto, and then reviews the determinants of the interaction between these two systems. we will then give a brief overview of the institutional judgments in international business law, international monetary law, and in particular international law, and at the end a brief description of the most important challenges arising from arbitration in international economic law.