Legal Framework for Arbitration

The legal framework for arbitration is a set of laws and rules that govern how disputes are resolved outside courts. It ensures parties agree to dispute resolution through arbitration, appoint qualified arbitrators, and follow established procedures for fairness and enforceability. Key laws, like the UNCITRAL Model Law, provide consistency and legitimacy, making arbitration decisions legally binding and enforceable across jurisdictions. This framework balances parties’ autonomy with protections, ensuring that arbitration processes are just, efficient, and recognized by courts worldwide when needed.