Private Disputes and the Public Good: Explaining Arbitration Law
By William W. Park , February 8, 2012
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This article describes two main considerations of international economic arbitration. The micro aspect refers to what procedures will be used in ensuring a fair proceeding for the parties. Additionally, the macro issue examines the social consequences of displacing litigation from the national arena and into the private sector before arbitrators. These two issues present aconstant tension between creating a reliable dispute resolution system and safeguarding the community interests.
