Arbitration treaties

Arbitration treaties are international agreements that establish a framework for resolving disputes between countries or parties through arbitration rather than through traditional court systems. In arbitration, an impartial third party, known as an arbitrator, reviews the evidence and makes a binding decision. These treaties aim to provide a fair, efficient, and less formal mechanism for resolving conflicts, promoting trade and cooperation while avoiding lengthy court battles. They are commonly used in commercial disputes, investment disagreements, and issues arising from international treaties, fostering stability by ensuring that parties can resolve their differences amicably.