International Arbitration is a method of resolving disputes between parties from different countries outside the courts of law. It involves the appointment of an impartial third party, known as an arbitrator or a panel of arbitrators, who evaluates the evidence and arguments presented by each side and renders a binding decision. This process is governed by international treaties, national laws, and rules specified by the parties or arbitration institutions. International Arbitration is often preferred for its neutrality, confidentiality, and efficiency, as it can provide a more streamlined resolution compared to litigation. The decisions made through arbitration are typically enforceable in multiple jurisdictions, thanks to international agreements like the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. It is widely used in commercial and investment disputes, making it an important mechanism for global trade and investment relations.
International arbitration has emerged as a preferred mechanism for resolving disputes in the renewable energy sector amidst increasing investments and sustainable policies globally. In navigating the complexities of cross-border disputes…