Document Type : Original Article
Author
LL.M., The University of Melbourne, Australia
Abstract
Nowadays it is difficult to imagine the resolution of disputes in international and domestic commercial relations without the arbitration and mediation processes. In today’s globalized world, where the countries are integrated and commercial relations are intertwined, alternative dispute resolution, along with the litigation, play an important role in the resolution of commercial disputes. Especially, if the parties are in different jurisdictions, alternative dispute resolution becomes more important for them. And integration into the modern world is one of the main factors for the all-round development of every country. For this reason, after the collapse of the USSR, countries which gained independence also started integrating into international law, international economic processes and associations. As a post-Soviet state, Republic of Azerbaijan also adopted many conventions and became a member of different international organizations. Azerbaijan’s integration process also made the establishment of new dispute resolution mechanisms a necessity for the country.
Keywords
- alternative dispute resolution
- commercial contract
- foreign investment
- arbitration
- international treaty
Main Subjects
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