Sentences with phrase «settling international commercial disputes»

Recognizing the growing importance of international arbitration as a means of settling international commercial disputes, the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the Convention) seeks to provide common legislative standards for the recognition of arbitration agreements and court recognition and enforcement of foreign and non-domestic arbitral awards.

Not exact matches

The contract provides that any dispute that might arise is to be settled by arbitration in Danubia, a country that has enacted the UNCITRAL Model Law on International Commercial Arbitration and is a party to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

The UAE's DIFC Courts administer a unique English - language common law system — offering swift, independent justice to settle local and international commercial or civil disputes.

If the dispute can not be settled within 30 days after the mediator has been appointed, or such other period agreed to in writing by the parties, the dispute shall be referred to and finally resolved by arbitration administered by the British Columbia International Commercial Arbitration Centre, pursuant to its Rules.

The reputation of English law does much to underpin commercial confidence in the United Kingdom, providing legal certainty and helping to make London the world's largest centre for settling international disputes.

Though efforts to facilitate speedy redressal of disputes are underway — the most recent being establishment of special commercial courts to settle high - stake commercial disputes as well as constitution of the National Company Law Tribunal and its appellate body — I encourage parties to have in place a strong mechanism for international commercial arbitration, at the outset.