ABSTRACT

The explosion in commercial arbitration caused by the enormous increase in world trade and the desire of the international business community to have neutral and competent tribunals to decide their commercial disputes has already been alluded to. This is due to the perception that arbitration has manifest advantages over litigation. Some of those advantages are as follows: (a) The parties have a free choice to select a tribunal that fits the nature of their

dispute. So, for highly technical trade disputes, the parties may select an expert in that field as the arbitrator.