International Arbitration Act (varies by jurisdiction)

The International Arbitration Act is a legal framework that governs how international commercial disputes are resolved through arbitration, which is a private process where parties agree to settle disagreements outside courts. It sets the rules for how arbitration proceedings are conducted, ensuring fairness, enforceability of awards, and clarity on jurisdiction and procedural issues. Different countries have their own versions of the Act, but overall, it provides a legal structure to facilitate efficient resolution of cross-border disputes, enabling businesses to settle disagreements with confidence that decisions will be recognized and enforceable across borders.