`Commerciality` in International Commercial Arbitration

Enterprises, the world over, now conduct business on a dramatically more international scale. The growth of world economies is directly connected with millions of commercial contracts, which are becoming more international in character owing to global integration. Commercial arbitration has been hailed as the most efficient form of dispute settlement available to participants in international trade. As the purpose of the commercial arbitration is to resolve commercial disputes, often issues have been raised whether a particular dispute is commercial or not. With globalisation and seamless trade the aspirations of global business community, it would be of immense importance to understand the meaning of ‘commercial’ as construed in ‘international commercial arbitration’ in some of the major jurisdictions of the world.