[PDF.39ff]  Practising Virtue: Inside International..*From Oxford University Press

International arbitration has developed into a global system of adjudication, dealing with disputes arising from a variety of legal relationships: between states, between private commercial actors, and between private and public entities. It operates to a large extent according to its own rules and dynamics - a transnational justice system rather independent of domestic and international law.

In response to its growing importance and use by disputing parties, in...