ABSTRACT

The ancient Greek civilization employed arbitration between its several city-states to resolve disputes in lieu of resorting to wars. Arbitration has become one of the main methods of resolving international disputes. In fact, today there are far more arbitration cases than there are cases that appear before the International Court of Justice as the principal judicial body of the United Nations. The emergence of the Westphalian international system paved the way for international disputes to be resolved through arbitration. International arbitration jurisprudence also includes a solidified and well-ingrained rule of public policy exception. The reemergence of arbitration in modern times occurred at the end of the eighteenth century with Jay Treaty arbitrations between the United States and United Kingdom. Several scholars have cast doubt on the importance of Jay Treaty arbitrations in the resurgence of arbitration practice in modern era.