International Court of Arbitration
The International Court of Arbitration (ICA) is a key institution that resolves international commercial disputes through arbitration. Established in 1923 by the International Chamber of Commerce (ICC), it provides a neutral platform for parties from different countries to settle their disagreements outside of traditional court systems.
The ICA's procedures are designed to be efficient and flexible, allowing parties to choose their arbitrators and set the rules for their case. This approach helps to ensure that disputes are resolved fairly and quickly, making it a popular choice for businesses engaged in international trade.