ABSTRACT
International arbitration is a consensual means of dispute resolution, by a non-governmental decision-maker, that produces a legally binding and enforceable ruling.
Additionally, the US Supreme Court, stated that “an agreement to arbitrate before a specified tribunal [is], in effect, a specialized kind of forum-selection clause that posits not only the situs of suit but also the procedure to be used in resolving the dispute1.” Moreover, there are many other definitions of international commercial arbitration2.
