global dispute resolution institutions

Global dispute resolution institutions are organizations that help resolve conflicts between nations, businesses, or individuals without resorting to violence or lengthy court battles. They provide structured processes like mediation or arbitration, where neutral third parties facilitate discussions or make binding decisions. Examples include the International Court of Justice and the International Chamber of Commerce. These institutions aim to create fair outcomes, promote international cooperation, and maintain peace by ensuring disputes are settled in a legal and systematic way, rather than through aggressive means.