IGNOU IBO 1 2017 2018 - In the settlement of international disputes, Arbitration is not prefer

Question

In the settlement of international disputes, Arbitration is not preferred by

business men.

16 Feb 2018

Answer :

Word Count : 329

The International Tribunal for the Law of the Sea is the central forum established by the United Nations Convention on the Law of the Sea for the peaceful settlement ofdisputes. Its seat is at the Free and Hanseatic City of Hamburg, Germany.

Disputes are inextricably linked to international relations. Increasingly these disputes are no longer just primarily between states but also between states and other parties like international organizations and other non-state actors, and between these actors mutually. In this context the Charter of the United Nations (UN) plays a major role, in particular, regarding

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