Screen LibraryThe evolution of international arbitration : judicialization, governance, legitimacy /
"The development of international arbitration as an autonomous legal order is one of the most remarkable stories of institution building at the global level over the past century. Today, transnational firms and states settle their most important commercial and investment disputes not in courts,...
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| Published: |
Oxford University Press,
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| Publisher Address: | Oxford : |
| Publication Dates: | 2017. |
| Literature type: | Book |
| Language: | English |
| Edition: | First edition. |
| Subjects: | |
| Summary: |
"The development of international arbitration as an autonomous legal order is one of the most remarkable stories of institution building at the global level over the past century. Today, transnational firms and states settle their most important commercial and investment disputes not in courts, but in arbitral centres, a tightly networked set of organizations that compete with one another for docket, resources, and influence. In this book, Alec Stone Sweet and Florian Grisel show that international arbitration has undergone a self-sustaining process of institutional evolution that has steadily enhanced arbitral authority. This judicialization process was sustained by the explosion of trade and investment, which generated a steady stream of high stakes disputes, and the efforts of elite arbitrators and the major centres to construct arbitration as a viable substitute for litigation in domestic courts. For their part, state officials (as legislators and treaty makers), and national judges (as enforcers of arbitral awards), have not just adapted to the expansion of arbitration; they have heavily invested in it, extending the arbitral order's reach and effectiveness. Arbitration's very success has, nonetheless, raised serious questions about its legitimacy as a mode of transnational governance"--Back cover. |
| Carrier Form: | 261 pages : illustrations ; 24 cm |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9780198739722 0198739729 9780198739739 0198739737 |
| Index Number: | K2400 |
| CLC: | D997.4 |
| Call Number: | D997.4/S879 |
| Contents: | Judicialization and arbitral governance -- The evolution of the arbitral order -- Procedures and hierarchy -- Precedent and appeal -- Balancing and the public interest -- Legitimacy and reform. |