Keywords: consolidation, multi-party arbitration, international trade, legal disputes, dispute resolution, arbitration agreements
Multi-party arbitration in international trade: problems and solutions
Legal disputes regarding international trade frequently involve more than two parties. This leads to problems, as the preferred means of dispute resolution within international trade ? arbitration ? tends to be ill-equipped to handle such disputes. The topic of this paper is arbitration as a means of dispute resolution in a multi-party set-up. Both the possible legal bases and the problems encountered are considered. It is concluded that arbitration is still the only real option to the parties in international business disputes and that many of the shortcomings may be countered by skilful drafting of the arbitration agreement.