Use of arbitration to resolve administrative investment contract disputes

Abstract

As a result of the development of economic life, especially in the beginning of the nineteenth century, the flourishing of international trade, the change in the patterns of trade relations, the great progress made by the international community as a result of the industrial revolution, which contributed greatly to the increase of inter-State trade and industrial relations. The importance of arbitration as an ideal means of settling disputes in the field of international trade involving a foreign element, both in relation to its persons or subject to the absence of international jurisdiction, and the unwillingness of parties to bring such disputes to the national level. For the shipping and leasing of ships, contracts for construction, major works and construction contracts are not free from the arbitration clause in most cases.