International Arbitration is a method of resolving disputes between parties from different countries through a neutral third-party arbitrator or panel rather than through litigation in national courts. This process is often chosen for its efficiency, confidentiality, and flexibility compared to traditional court proceedings. In international arbitration, the parties typically agree to submit their disputes to arbitration in advance, often through a contract clause.
The arbitrators render binding decisions based on the evidence and arguments presented, and these decisions are generally enforceable in multiple jurisdictions under international treaties, such as the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. International arbitration is commonly used in commercial disputes, investment disputes, and in various sectors including construction, energy, and trade. Its framework is governed by various rules and institutions, such as the International Chamber of Commerce (ICC) or the London Court of International Arbitration (LCIA), among others.
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…