LEGAL NATURE OF INTERNATIONAL COMMERCIAL ARBITRATION AND LEGAL CONSEQUENCES OF CONFLICTS BETWEEN LEGAL CULTURES

Arbitration has proven to be one of the most alternative ways to resolve disputes. Arbitration processes and its legal nature are the subject of many discussions. This article discusses arbitration and its legal nature, as well as the conflicts between legal cultures and the resulting legal consequences. While talking about the legal nature of arbitration, the theories formed as a result of different views on it are analyzed in detail.

Also, the article talks about cultural differences in the jurisdiction of different countries and gives practical examples.