The Role of Dispute Resolution and International Arbitration Institutes in International Business

Abstract

The author interned with the General Council at Ford Motor Company, working on the agreements made between corporations when forming a third company. One of the most important parts of these agreements is the Dispute Resolution Clause which covers what type of procedure will be used in the event of a dispute. This led to her comparison between the main types of dispute resolution: arbitration, mediation and litigation, concentrating on international commercial arbitration and its role in international business. There are many choices a business must make in deciding which form of arbitration to use, the first being institutional or ad hoc. If a company decides to use the help of an institution, they must choose one whose rules and procedures fit most closely with their goals and practices.