This is the "engine" of ICA. It is a treaty signed by over 170 countries that requires national courts to recognize arbitration agreements and, most importantly, enforce foreign arbitral awards as if they were local court judgments. 2. The Practical Process
The process begins when the claimant files a notice. This is followed by the constitution of the tribunal, usually consisting of one or three arbitrators. The Principles and Practice of International Co...
This is the "golden rule" of arbitration. Unlike litigation, where rules are imposed by the state, parties in arbitration can choose the language, the seat (legal location), the applicable law, and the specific individuals who will judge their case. This is the "engine" of ICA
Unlike court records, which are often public, arbitration proceedings and awards are generally private. the seat (legal location)
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