Tables of contents

1. Introduction …………………………………………………… 2 2. Historical factors ……………………………………………… 3 3. International Dispute …………………………………………. 4 4. The Dispute Settlement Understanding ……………………... 7 5. Main types of international court ……………………………. 10 6. World Trade Organization ….……………………………….. 13 7. Examples - Settlement of international
Commercial disputes ………………………………………….. 16 8. Conclusion …………………………………………………….. 18 9. References …………………………………………………….. 19

Introduction:

There are various types of disputes. The appropriate way of resolving most disputes is by adjudication. In the event of such cases, the most important question would be whether litigation or arbitration is the appropriate procedure and if the issues for adjudication can be clarified or narrowed in any useful way.
Negotiation or mediation can be used for the solution of other disputes. The assistance and dynamism of a neutral third party who may introduce carefully devised procedures for examining and where appropriate perhaps evaluating the issues, for exploring interests, concerns and options, for dealing effectively with emotional and hidden factors, and for generally assisting the parties towards settlement, may well facilitate and expedite resolution. In finding a solution for dispute, the nature and implications of the disputes have to be properly understood. Many commercial and investment disputes are entirely appropriate to be resolved by adjudication. In domestic disputes, the debate about the advantage to arbitrate or to litigate may depend on the substance of the dispute, the circumstances of each particular case on the effectiveness of the local courts. However, in an international transaction, the balance usually comes firmly in favor of arbitration. There are no international courts to deal with international commercial