Transnational Challenges and Desired Ethical Standards in International Arbitration

Abstract

International commercial arbitration adapts to changing market forces and modifies itself according to the needs of end-users as it relies on the established and secure functioning of the Permanent Court of Arbitration (PCA). This paper intends to serve as a guide on expectations and successful strategies for parties and their legal representatives on the conduct of international arbitration in the context of cultural differences. The legal traditions of international commercial arbitration today originate not only from civil and common law jurisdictions but from the proliferation of arbitration associations and the influence of those who devise arbitral rules and procedures, serve as arbitrators and act as counsel in arbitration proceedings. However, knowledge of these distinctions is only the key and not the end solution.