THE CHANGING WORLD OF INTERNATIONAL ARBITRATION
Abstract
The article analyzes the activities of international arbitration. International Arbitration has undergone many changes over time, its activities expanded, but at the same time arbitrators services become more expensive and the settlement of the cases became less speedy. The most expensive were the arbiters of US services. However, the arbitration despite the criticism became one of the main instruments of resolving business disputes and at the same time arbitration has become more commercialized and the number of professional arbitrators and lawyers increased.
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