Internationalisation of decision-making - Arbitration
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International arbitration has developed into a distinct modality for dispute resolution due primarily to its international enforceability under the NYC on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (NYC). With its growth there arise new principles, rules and processes that directly impact or influence decision-making, particularly in international commercial transactions and cross-border direct investments. Such influences can be seen in terms of their impact on the substantive rules as well as in its processes.
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