Abstract
International arbitration is sometimes called a hybrid form of international dispute resolution, because it blends elements of civil law and common law proceedings, with the opportunity for the parties to design the arbitral procedure under which their dispute will be resolved. International arbitration can be used to resolve any dispute considered "arbitrable," a term whose scope varies from country to country, but includes most commercial disputes. Companies often include international arbitration agreements in their commercial contracts with other companies, so that if a dispute arises in connection with the agreement, they are obligated to arbitration rather than pursue traditional litigation. Arbitration may also be used by two parties to resolve a dispute through a Submission Agreement, which is simply an arbitration agreement signed after a dispute has already arisen. International Commercial arbitration is a mechanism that is implemented by parties that are in dispute over business entities and any procedure that is business related. While the mechanism is not a new phenomenon, it is a part of the wider subject of Alternative Dispute Resolution. Many countries and business entities have adopted the method of conflict resolution as it is more peaceful and levels to produce amicable solutions to conflict that do not cause defamation and broken relationships. This article highlights the need for international commercial arbitration while covering its principles, basic components, advantages of using the method of dispute resolution as well as other important attributes. The paper extensively addresses various differences and similarity of international commercial arbitration with other dispute resolution strategies that are used cross cultural and in multiple states.