International Arbitration And Arbitrability From The United States Perspective

I. INTRODUCTION

Commercial arbitration is a very old and much relied upon practice of dispute resolution between national and international companies and corporations¹. The modern development of international arbitration can be traced to the Jay Treaty (1794) between Great Britain and the United States, which established three arbitral commissions to settle questions and claims arising out of the American Revolution².

Arbitration is now generally accepted in the legal community as a typical method of alternative dispute resolution, and is widely used in a variety of contexts, including disputes involving commercial transactions, consumer transactions and employment relationships³. The United States' arbitration practice occupies an exceptional position in the global international arbitration system and in arbitration's historic advancement since there have been a vast number of U.S judicial decisions referenced by other countries' courts. The doctrine of freedom