International Arbitration and the Peaceful Settlement of Disputes
International arbitration is one of the oldest and most flexible methods for the peaceful settlement of international disputes. This article explains how arbitration sits between diplomacy and adjudication: more formal than negotiation, mediation, or conciliation, but more party-controlled than standing international courts. It examines interstate arbitration, compromis, compromissory clauses, mixed claims commissions, the Permanent Court of Arbitration, ICSID, UNCITRAL procedure, investor-state arbitration, commercial enforcement, arbitral jurisdiction, applicable law, evidence, awards, annulment, recognition, enforcement, and compliance. The article also addresses legitimacy concerns, including transparency, public-interest regulation, repeat-player dynamics, treaty shopping, regulatory sovereignty, sovereign immunity, and unequal bargaining power. By connecting doctrine, institutions, case studies, and lawyer-facing workflows, it shows why arbitration remains central to peaceful dispute settlement while also revealing its limits in a fragmented international legal order where consent, procedure, enforcement, compliance, transparency, accountability, and legitimacy shape legal authority.









