Fair Arbitration in International Commercial Litigation

Today, the importance of arbitration as one of the main methods of resolving disputes between the parties to the contract in international trade is undeniable. Assumption is that international arbitration precedent and international regulation, including contractual and common law are to a large extent just and fair. But for reason such as increasing complexity and diversity of international disputes circumstances they might not always be the solution to disputes arising from unfair practices identified strict regulations. So a degree of flexibility in the system is necessary to resolve international disputes and to achieve it seems not possible without justice. Observe equity basis by reference to the verdict of the international and as a means of alternative legal rules, treaties and conventions which are commonly used for decision making, is. But a case can be made only with the consent of the parties to be settled on the basis of equity.in cases where the judge decides based on equity instead of applying the Provisions of the contract or governing legal rule, the result would be unfair to burden, to avoid. In this type of arbitration, the arbitrator is not required to run the center may impose fairness, it does not deviation internationally accepted principle that the judgments can judge the fairness vote only when the parties have agreed on this issue.