Economic Globalization: The Challenge for Arbitrators

CHOICE OF LAW IN INTERNATIONAL COMMERCIAL ARBITRATION By Okezie Chukwumerije Westport, Connecticut: Quorum Books, 1994. Pp. 219. Arbitration at the municipal level is becoming more frequently used because it is regarded as a more expeditious process for resolving disputes. In the realm of labor relations, for instance, arbitration is often the dispute resolution method of choice and is incorporated in numerous collective agreements. In an arbitration the two parties usually select an arbitrator and jointly pay the costs of the process. In the collective agreement or contract, the parties stipulate the terms of the procedure that generally bind the arbitrator, provided they are not in contravention of any laws. The arbitrator usually adheres to generally accepted rules of evidence in hearing the case, but the atmosphere is not as formal as in a court. In the realm of labor relations, union and management personnel act very effectively to present cases, the consequent lower costs being shared equally by both parties. The success of arbitration as an alternative system of dispute