Paradigm of Utopia: the Landscape of International Commercial Courts

Abstract

This article attempts to explore and analyze international commercial courts, examining their structure, functioning, and fundamental aspects of their activity. The primary emphasis is placed on the comparative study of various models and approaches used in global commercial courts, with their effectiveness in dispute resolution and attractiveness to participants being considered. This article summarizes the main traits of several international commercial courts in Asia, Middle East and Europe. The methodological framework of this research relies on the dialectical method. General scientific and specific scientific methods were employed, including descriptive, formal-legal, systemic and analytical methods, among others. Their application allowed for a comprehensive and thorough examination of the issues addressed in this article. Various aspects of procedures, rules, decision-making mechanisms in the context of international commercial courts, as well as their approaches to the recognition and enforcement of court decisions, are analyzed in the article. The author highlights the significance and challenges associated with such courts, discusses their strengths and weaknesses, and offers recommendations and directions for future research in this area. This article provides a comprehensive overview and analysis that could be valuable for specialists in international law and stakeholders interested in a deeper understanding of the functioning of international commercial courts and their role in resolving global commercial disputes.