Hatem Gh. S. Arbitration as an Alternative to Commercial Disputes

Abstract

Arbitration is one of the alternative solutions for resolving commercial disputes. It is an
exceptional way based on the will of the parties and the parties resort to it to resolve the dispute
without the competent court. Arbitration is an old tool, but its importance has increased recently
due to the development of trade and economic relations and the emergence of new business
contracts, with increasing disputes in this area between contracting parties. The arbitrators are
brought to arbitration for the characteristics of being a quick and effective means of settling
commercial disputes, The arbitrators of one case, are aware of their technical assets. Thus, the
length of judicial proceedings can be avoided. The dispute is settled by a final, neutral, secret and
decisive ruling, which is an important consideration in commercial transactions. Opinions differed
as to the legal nature of arbitration between nature (decadent, judicial, composite